Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Charter Pacific Corporation's tests show potential for marketable iron concentrate  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 29/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Charter Pacific Corporation (ASX: CHF) has delivered results of Davis Tube Recovery tests on surface rock chip samples from the Kaoua El Khadra Iron Ore project that show the potential for concentrate grades of up to 70.43% iron and mass recoveries of up to 56.1%.

Importantly, this provides further confidence that a marketable concentrate could potentially be produced from the Mauritanian project.

The results continue to show typical ranges for magnetite iron ore projects with some exceptional results.

The banded iron formation (BIF) concentrates with low silica, alumina, phosphorous and sulphur are all within the typical ranges for magnetite concentrates on comparable projects.

Worth noting is that these are surface rock chip samples that have been affected by weathering and oxidation processes which may affect the physical properties of the samples.

More consistent properties are expected in "fresh" rock beneath the surface.

Charter Pacific now plans to conduct trenching and drilling on the BIF targets as soon as possible.

Field inspection and sampling confirms earlier exploration results and confidence in the exploration target of 4.4 billion tonnes.

A number of direct drill targets have been identified along with suitable trenching targets.

To date mapping, ground magnetics and surface sampling has identified extensive magnetite BIF which has characteristics typical of magnetite iron ore deposits with potential to produce high grade iron, low impurity, concentrates.

Kaoua El Khadra is a highly prospective magnetite iron ore BIF occurrence covering 960 square kilometres and located 345 kilometres from the port of Nouadhibou.

Importantly, the project has access to three international airports, two deepwater ports currently being upgraded and bulk rail handling facilities.

Kaoua El Khadra is strategically located in a region full of iron ore mines and propsects, including the 2.5 billion tonne at 32.3% iron Lebtheinia Mine, the 2.4 billion tonne Guelb el Rhein Mine, and the 926 million tonne at 36.2% Guelb el Aouj Mine.

Charter Pacific holds a 51% interest, with the rights to acquire 100%, of both Permit 792 and 791 for Group 1 Minerals - iron, manganese, titanium (hard rock), chromium and vanadium.

The company has also applied for a gold permit over 403 square kilometres in Mauritania.

 






  MENA News Headlines


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help