Iron

Delrand Resources Limited (TSX:DRN,JSE:DRN) announced additional positive drilling results from its iron ore joint venture project.

Delrand Resources Limited (TSX:DRN,JSE:DRN) announced additional positive drilling results from its iron ore joint venture project.

As quoted in the press release:

The Company’s May 3, 2011press release stated that its joint venture with Rio Tinto has discovered high grade haematite (a form of iron ore) in its exploration areas within Province Orientale, Democratic Republic of the Congo (the “DRC“).

To date, a total of 1,117.1 metres of diamond drill holes have been drilled and all the drill cores have been analysed revealing average grades from the mineralised intercepts ranging from 62.5% to 68.5% iron. This is a wider range, slightly lower and slightly higher, than the initial results but nevertheless high grade by international standards. The weighted average grade is 66.6%.

Click here to read the Delrand Resources Limited (TSX:DRN) press release.

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