Arrow Minerals Limited (ASX: AMD) has received confirmation of high-grade iron (>64%) from analytical results from rock chip samples collected on the Simandou North Iron Project, Guinea, West Africa.
Twenty-one significant analytical results were reported by ALS Global from the 110 rock chip samples submitted for analysis, returning iron assays of greater than 58%, including nine samples with greater than 64% Fe.
These rock chip samples were collected as part of Arrow’s first pass geological mapping and geochemical sampling programme. This exploration programme specifically targeted zones of outcropping iron formations extending over >40km.
I am delighted by these results. They confirm the iron formation at our Simandou North Iron Project hosts the high- grade iron we are targeting,” Managing Director, Hugh Bresser, said.
“It also provides evidence of iron grades equivalent to those on the Winning and Rio projects to the south. We are progressing rapidly to our first drill programme with ongoing support from the local communities and Government of Guinea.”
Arrow’s Guinea team is now in the field conducting detailed geological mapping and infill geochemical sampling over the southern two target zones. Results from this work will assist Arrow with the placement of the initial drill holes to test the depth and extent of the high-grade iron zones within the target areas.
Arrow anticipates commencing its maiden drilling program at the Simandou North Iron Project (AMD 33.3%) in April. The drilling programme will contribute towards Arrow earning a 60.5% controlling interest in the project. Details of the drill program and commencement of drilling will be announced in due course.
A total of 110 rock ship samples were collected as part of a regional geological mapping and geochemical sampling program over the exposed iron formation identified within the Simandou North Iron Project area. These samples were dispatched to ALS Global in Bamako, Mali, for sample preparation prior to being analysed at the ALS Global laboratories in Johannesburg, South Africa.
Analytical results from this geochemical programme, demonstrate the presence of high-grade iron bearing lithologies, >64% Fe with low silica, <3.0% SiO2 and low phosphorus, <0.1% P. The grades reported by Arrow are comparable to those reported by Rio Tinto Simfer (Simfer) the 2.8 billion ton Measured, Indicated and Inferred Resource (65.8% Fe, 1.2% SiO2, 0.08%P1) for its Simandou deposits located approximately 80km south of the Simandou North Iron Project.
The majority of the high-grade results were collected over the two southern coincident geophysical and geological anomalies covering an area in excess of 10km in length and up to two km wide .
Work is now underway to better define the distribution of the surface high grade mineralisation prior to the commencement of Arrow’s maiden drill programme which will test the subsurface extent and depth of the high-grade iron bearing lithologies.
