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Mining Weekly reported Waratah Resources (ASX:WGO) reported an update on the Youkou and Mekambo-Est iron project on the border of Gabon and Congo.
Mining Weekly reported Waratah Resources (ASX:WGO) reported an update on the Youkou and Mekambo-Est iron project on the border of Gabon and Congo.
As quoted in the market news:
In May, the company reported that X-ray fluorescent (XRF) testing and analysis indentified high-grade ore at the project site. This finding was confirmed following the drilling of 14 holes, totalling 698 m, in May.
The assay results of the seventh drill-hole showed high iron-ore content that included 66% iron, 0.089% phosphorus and 1.78% silicon, all at 20 m. Previous assay results of the hole at 26 m showed iron at 62%, using the portable XRF testing and analy- sis device.