Nemex Resources finds average 60.7 percent Fe at Guinean iron ore project

Australia-listed company Nemex Resources has announced results of iron ore samples collected from 17 places at its coastal project in Guinea, West Africa.
 
According to the results, the grades of iron ore at the project range between 53 percent and 64 percent iron, averaging 60.7 percent. The ironstone deposit in question is flat-lying, freely outcropping and covers open plain areas, making targeting easy. Also, mineralization contains an in-situ direct shipping ore (DSO) product. Nemex Resources is planning pitting and drilling to determine ironstone thickness over the project.