IronClad agreement on Hercules
by Jo Black
IronClad Mining Limited has secured the extension to the recently identified Hercules prospect through the signing of a Heads of Agreement with Lincoln Minerals Limited under which IFE can earn up to 80% of the rights to explore and mine Iron Ore within LML’s tenement, Exploration License (EL) 3690.
EL3690 lies immediately to the south and east of the exciting Hercules iron ore target and covers the extension of the banded iron sequence, including the synclinal fold axis structure, beneath alluvial cover.
Hercules is located 10km to the east of IronClad’s established iron resources at the Weednanna and Ultima Dam East and is some 70 km to the north west of the Middleback Ranges where iron ore has been mined for more than 100 years with current production of approximately 6.4 million tones per year of high grade iron ore products.
Add to Bookmarks:
Related posts to: IronClad agreement on Hercules
Aurora Metals lawsuit settlement agreement with Trend Mining Company ...
Union Gold signs definitive agreement ...
Atlas acquires iron ore rights ...
Central Bank Gold Agreement sees year end ...
Kalimantan signs option agreement on five coal concessions ...
Latest Metals News:
Copper prices fall on inventories, US housing data Copper, aluminium gain after early declines Gold drops half a dollar in New York Copper pares gains on US retail data Copper, aluminium inventories continue to climb Alcoa delays expansion at Wagerup and cuts production Platinum, palladium down on auto sector problems China’s stimulus plan sends most metals higher Western Areas reports on high grade nickel at Spotted Quoll Rio looks for Chinese joint venturesPrevious: « Platinum prices rise more than $55 per ounce
Next: Global Copper udates drilling »
Visited 1184 times, 3 so far today