- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Direct Ship Iron Ore Potential at the Fraser Bay Project in Nunavut Confirmed by West Melville Metals
West Melville Metals’ (TSXV:WMM) first comprehensive sampling campaign confirmed significant Direct Ship Ore (DSO) grade intervals and established that the overall tenor of the Fraser Bay deposit appears to be considerably above the average grades of profitable iron mines globally.
As quoted in the press release:
The banded iron formation (BIF) at Fraser Bay can be traced over an exposed strike length of 5.5 kilometres, dips vertically to steeply west and has an apparent thickness ranging from 100 metres to more than 350 metres. Sampling to date has demonstrated the potential for DSO, which is defined as high grade iron ore (typically >60% Fe) that can be mined and shipped directly to market without the need for on-site processing. Exposures sampled during 2012 ranged from 18 metres to 75 metres in length.
West Melville President and CEO Dr. Rory Moore said:
The company is pleased to have exceeded its 2012 objectives of confirming the DSO potential at Fraser as well as getting a first look at the larger, overall iron content of the deposit. Having received results as high as 44.1 metres of 61.2% Fe and determining that the entire length of the Fraser Bay banded iron formation is well-endowed with iron, we are well positioned to move forward in 2013 with our first drill campaign targeted at establishing an initial resource.
Click here to read the West Melville Metals (TSXV:WMM) press release
Click here to see the West Melville Metals (TSXV:WMM) profile
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â