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Flinders Mines Ltd. (ASX:FMS) announced that it has updated the mineral resource estimate for its Ajax deposit, which is part of the greater Pilbara iron ore project in Western Australia.
Flinders Mines Ltd. (ASX:FMS) announced that it has updated the mineral resource estimate for its Ajax deposit, which is part of the greater Pilbara iron ore project in Western Australia.
As quoted in the press release:
Infill drilling throughout 2014 at the Ajax deposit has included 57 RC holes at a nominal spacing of 100m by 125m for a total of 1,662m of drilling. This drilling was undertaken in an area that was considered more prospective for higher grade mineralisation based on previous results. This represents the first new drilling at the Ajax deposit since 2009.
The updated Mineral Resource estimate for the Ajax deposit is 70.0 Mt @ 55.7% Fe, using a +50% iron cut‑off. Approximately 38% of this Mineral Resource is now in the Indicated category.
Click here for the full Flinders Mines Ltd. (ASX:FMS)Â press release