(MENAFN- ProactiveInvestors) IronRidge Resources () has hired well known mining consultants SRK for early stage exploration on its Gabon projects.
It expects work to begin by the start of next month (June).
SRK has extensive global experience of completing resource estimates for iron ore projects around the world particularly in West Africa noted the firm.
It is also expert in metallurgy and mineral processing geotechnical studies environmental and social studies mine development and waste management.
Its key staff in Gabon are French speaking and familiar with local working conditions and experienced at dealing with the Gabonese government at all levels.
SRK is currently managing exploration for the administration at the giant Belinga project estimated to contain more than 1bn tonnes at 62% Fe and which lies just on the northern boundary of IronRidge's project at Belinga Sud in Northern Gabon IronRidge told investors.
Last month the firm said at Belinga preliminary field studies had confirmed the existence of a high-grade hematite cap with iron grades of up to 66.8% iron.
The firm has cash of £8.2mln to fund further exploration at its Belinga and Tchibanga projects where at the latter gravity data has already identified 21 targets.
IronRidge chief executive Vincent Mascolo said today: "The appointment of SRK is the result of a rigorous process to ensure that both the best exploration methodology is applied and value for monies invested is achieved.
"We look forward to working closely with SRK as we progress in Gabon."
IronRidge shares were unchanged at 5.25p.
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