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Further Mineralisation at the Selenge Iron Ore Project in Mongolia
November 3, Haranga Resources Limited (ASX:HAR) announces further extensions to the iron mineralisation at the Bayantsogt prospect and the discovery of significant widths of iron mineralisation at the nearby and larger Dund Bulag prospect. Four diamond rigs continue to drill at Selenge.
• 24 of the 26 diamond drill holes at Bayantsogt have intersected significant widths of iron mineralisation.
• At least five major iron lodes exist at Bayantsogt averaging approximately 20m, and up to 103m, in width.
• Recent assay results from Holes 8 to 14 include:
Ø 41m at 26% Fe from 107m in hole BTDH-8
o (incl 10m at 42% Fe from 113m)
Ø 18m at 31% Fe from 65m in hole BTDH-9
Ø 5m at 40% Fe from 106m in hole BTDH-11
Ø 9m at 39% Fe from 13m in hole BTDH-13
o (incl 5m at 47% Fe from 14m)
Ø 38m at 24% Fe from 68m in hole BTDH-13
• These results are in addition to the previously reported intervals from Holes 1 to 7 that included:
Ø 26m at 27% Fe from 32m in hole BTDH-1
Ø 28m at 30% Fe from 3m in hole BTDH-2
Ø 39m at 23% Fe from 105m in hole BTDH-6
Ø 17m at 28% Fe from 50m in hole BTDH-7
• Initial drilling at the larger Dund Bulag prospect has discovered significant widths of banded magnetite of a similar nature to Bayantsogt, with assays pending.
• Similar banded magnetite mineralisation has proven amenable to low cost mining and beneficiation at nearby Eruu Gol, Mongolia's largest iron ore export mine.
• Metallurgical test work has commenced on samples from Bayantsogt.
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"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
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