Haranga gets positive survey results at the Sumber Iron Ore Project

Haranga gets positive survey results at the Sumber Iron Ore Project January 14, 2011

Posted by Fortbridge in Mining.
Tags: haranga resources, iron ore, mongolia, sumber project, survey results
trackback

Haranga Resources Limited (ASX: HAR) has completed a magnetic survey at the Sumber iron ore project located in Mongolia, less than 50km from the Chinese border crossing at Hangi Mandal. The survey reveals that the three distinct iron outcrop zones previously located at Sumber are coincidental with an intense and previously undiscovered magnetic anomaly with a strike length of approximately 4km.

Key points:

Large, intense magnetic anomaly discovered at the Sumber project in Mongolia
Anomaly is coincident with three distinct zones of outcropping iron mineralisation
Strategic location less than 50km from a border crossing point into China
Priority: Company intends to drill this new target in early 2011