THE DRILL SERGEANT: Tawana Resources (ASX: TAW) has claimed discovery of new high-grade Direct Shipping Ore (DSO) hematite mineralisation on the company’s recently acquired, 100 per cent-owned MEL1223/14 Mofe Creek South licence, in Liberia.
The new mineralisation averages 62.8 per cent iron with hits of up to 66 per cent iron.
The new zone of DSO hematite mineralisation occurs within the Goehn South East (SE) prospect, where Tawana has claimed to have discovered greater than 2.2 kilometres strike of friable itabirite mineralisation ranging in grade from 26.4 per cent to 52.6 per cent iron.
“This target represents the highest grade, continuous zone over multiple samples, of DSO hematite mineralisation discovered within the project area to date,” Tawana Resources executive chairman and chief executive officer Wayne Richards said in the company’s announcement to the Australian Securities Exchange.
“It represents a fantastic result for the company and an exciting potential low-cost, early development opportunity within short trucking distance to the operational port of Monrovia.
“The combination of a new DSO hematite discovery within the Mofe Creek project area and the recently announced port infrastructure MoU signed with WISCO-CAD significantly enhances the potential for a low-capital intensity, early start-up DSO trucking operation.
“This is a potential game-changer for both the project and the company.”