CAZ (CAZALY RESOURCES LIMITED) 2008-11-20:
Cazaly Resources announced on its maiden Iron Ore Mineral Resource from the Parker Range Iron Project, a JV with Gondwana Resources. The Company announced 19Mt Inferred Mineral Resource - 15.5Mt @ 57.5% Fe contained in Banded Iron Formation, and 3.5Mt @ 51.5% Fe contained in Canga and Detritals; low impurity ore suitable for DSO operation; excellent potential to further increase resources - open in all directions, and only 2.6km from 16km of BIF drilled; and the Company has now earned its 80% equity.
Thursday, November 20, 2008
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