West African Iron Ore Corp. Intersects High Grade Iron Ore Mineralization In Phase One Drilling
NEWS – /CNW/ - West African Iron Ore Corp. (TSX-V: WAI) (the “Company” or “WAI”) is pleased to report that it has intersected near surface, high grade iron ore mineralization in its first 3 diamond drill holes from the Company’s Phase One drill program.
A total of 15 diamond drill holes have now been completed on its extensive iron ore concessions inGuinea. Of these, 5 holes totalling 1224.5m were completed at Kalyadi, and 10 holes totalling 1661.0m at Sambalama. A total of 19 RC drill holes (totalling 2279 m) have been completed at Sambalama.
To date, analyses (which are being conducted by SGS in Johannesburg) have only been received for three of the diamond drill holes (SAM001, SAM002 and SAM003). All drill holes show an iron-enriched cap, which in drill holes SAM002 and SAM003 extends down to approximately 13 meters with average iron grade above 63% Fe. A summary of those results is shown below:
|Sample ID||Hole ID||From (m)||To (m)||T. Width (m)||% Fe total|
|Sample ID||Hole ID||From (m)||To (m)||T. Width (m)||% Fe total|
Guy Duport, CEO of West African Iron Ore noted: “We are delighted with the encouraging results obtained during the drilling portion of phase one exploration. These results have provided us with positive feedback, highlighted by extensive high-grade iron ore mineralization on Sambalama. These encouraging results provide us with a positive outlook on what the future drilling program may locate.”
The diamond drill results at Sambalama loosely define mineralised intervals ranging in length between surface to 13m in oxidised zones and at depth between 20m to 60m and up to 150m depth. As a result of the ongoing geological mapping programme, mineralisation appears to be continuous along strike for 800m, but drill spacing is too wide at this stage to confirm geological continuity. Samples recovered from the oxidation zone record high values of Fe, but core recovery was poor, the partial core intercepts that were recovered from SAM001, SAM002 and SAM003 were of similar appearance to that recovered above and below those intervals, but not sufficient for assay purposes. This was also confirmed by the logging of each of the holes conducted by Uranium Logging & Consulting. This showed continuous high-grade, hematite rich saprolite and magnetic quartzite from ground level to 30 meters depth and assays by SGS in Johannesburg of the RC chips that were recovered from those zones that exhibited poor core recovery are awaited before further reporting. The drill contractor has started to use triple tube diamond drill rods in the oxidised zone in an attempt to improve core recovery that will allow the definition of the Sambalama iron-enriched cap.
Mineralisation below the oxidised zone is encouraging and comprises magnetite mineralisation in gneiss and amphibolite with one interval recorded in hole SAM010 of 33% Fe at a depth of between 95.2m and 120.2 m. This analysis was obtained in the field using a Niton XRF analyser by averaging the results obtained from readings 20 centimetres apart across the interval. Complete assays from the laboratory are awaited for this and all remaining holes where drilling has been completed.
The analysis of drill hole SAM001 by SGS in Johannesburg from only partially recovered core gave results with an average grade of 47.73% Fe over a total intercept of 9.46 metres (not a continuous intercept) from the upper 19.40m to 23.90m, 62.94m to 67.12, to the lower 93.85m to 94.85m and 151.97m to 153.05m of the hole.
At Kalyadi the diamond drill holes KAL001, KAL002 and KAL003 were drilled as part of the ongoing investigation of possible infrastructure routes across WAI’s property that would link to the proposed new deep-water port at Matakang. These holes have confirmed that mineralisation is limited in this area of the property and of little potential economic interest.
The field analysis of all RC samples as part of the logging process has commenced using Niton XRF analysers and these results will be used to guide the selection of intervals to be sent to SGS for complete chemical assay. Half core samples for all remaining diamond holes have been sent to SGS in Johannesburg and WAI is awaiting results.
Detailed surface mapping along closely spaced sections has started at Kalyadi and Sambalama where Fugro has been contracted to conduct ground gravity surveys later in the year when ground conditions permit to assist in the identification of further drill targets on these prospects.
Sampling and Quality Control
The Company maintains a systematic quality control program including the use of standards, blanks, duplicates, and an independent check laboratory. The performance of the quality control samples associated with these data indicates acceptable analytical quality. Please refer to the NI 43-101 Technical Report, which is filed on SEDAR and available on the Company’s website, for further discussion of sample methodology, detailed quality control procedures and other information regarding the project.
Jonathan Challis, FIMMM, is a qualified person under National Instrument 43-101, and has reviewed and is responsible for the contents of this news release.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading “Risk Factors” in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.