Venus Metals Corporation Limited (ASX:VMC) are pleased to confirm the identification of Four Conductive Anomalies from the recently conducted Electromagnetic survey at Venus Metals "Yarloo Well"(E59/1593) Murchison Base Metals Project.
In its ASX announcement on 3 March 2011, Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) stated that the flowsheet selected for the Jack Hills Expansion Project would deliver a base production capacity of +20 million tonnes per annum of premium quality iron ore products, comprising a mix of magnetite pellet feed concentrate, a blended magnetite/hematite concentrate and direct shipping grade lump and DSO fines.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced that metallurgical test work has led to the reclassification of its 50 per cent Fe to 55 per cent Fe Inferred Resource material. This has resulted in a reclassification of some of the iron ore resources from (JORC) Inferred Resources to Indicated Resources and as a consequence, boosting the overall confidence in the resource base for mine plan studies.
Queensland Mining Corporation (ASX:QMN) is pleased to announce that it has completed an initial resource estimate for its Mt Freda Project, which is situated 35 kilometres SE of Cloncurry, in North Queensland. The Mt Freda Project is held under mining lease ML 2741 and surrounding mining lease ML 2752.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the Pre-Feasibility study for the Yalgoo Iron Ore Project has commenced and the contract has been awarded to ProMet Engineers.
Australian Market Report of March 7, 2011 includes: Argosy Minerals Limited (ASX:AGY) has been granted iron ore and chromite exploration licences in Sierra Leone; Quest Minerals Limited (ASX:QNL) announced 151Mt magnetite and vanadium resource at the Victory Bore tenement in Western Australia; Elemental Minerals Limited (ASX:ELM) announced further shallow high grade assay results from the Sintoukola Potash Project in Congo; Tiger Resources Limited (ASX:TGS) (TSE:TGS) reported significant copper intercepts at Sase Central and Sase South Prospects in Congo.
Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that the RC and Diamond drilling programme has commenced at the Eucla Moodini Project.
