Akora Resources (ASX:AKO) has confirmed ‘significant’ areas and intercepts of ‘high-grade’ iron mineralisation from a Direct Shipping Ore (DSO) infill drilling campaign at its Bekisopa Southern Zone in Madagascar.
The 2022 Bekisopa DSO infill drilling campaign completed 1,166.4m across 86 close-spaced drillholes. The company reports that all holes intercepted iron mineralisation.
Additionally, 72 drillholes intercepted ‘high-grade’ DSO iron mineralisation.
Akora reports that ‘significant high-grade’ iron mineralisation intercepts within the weathered zone and from surface that are suitable for DSO lumps and fine products, include drillhole BEKD090 with 9.80m @ 66.27% Fe from surface; and BEKD092 with 11.20m @ 66.05% Fe from surface.
Additionally, drillhole BEKD132 intercepted 11.59m @ 66.00% Fe from surface; BEKD091 intercepted 9.72m @ 65.25% Fe from surface; and BEKD081 intercepted 9.10m @ 65.10% Fe from surface.
Akora Resources Chief Executive Officer (CEO) and Managing Director Paul Bibby says: “The 2022 Bekisopa DSO infill drilling results are outstanding, showing a broad area across the Southern Zone of better than benchmark grade iron mineralisation.
Substantial at surface intercepts grading above 63% iron appear to be suitable for lump and fines direct ship ore. These results will be provided to Wardell Armstrong to determine the updated DSO Mineral Resource Estimate, which I feel will be significant.”
“These results will be provided to Wardell Armstrong to determine the updated DSO Mineral Resource Estimate, which I feel will be significant”
The Bekisopa 2022 DSO infill drilling has displayed ‘high-grade’ areas on the east and western edges of the Southern Zone that are potentially suitable for higher than the 62% iron benchmark grade DSO lump and fines products.
Additionally, ‘significant’ thicknesses of very ‘high-grade’ weathered zone iron mineralisation, greater than 63% iron has been displayed with ‘low’ impurity levels.
The company reports that drilling was aimed at increasing both the size and confidence of the southern zone mineral resource. Additionally, an updated Mineral Resource Estimate is targeted for the middle of Q2 2023.
The Bekisopa Iron Ore Project is a ‘high-grade’ iron ore project with a 6km strike length and an Inferred Resource of 194.7 million tonnes.
Akora Resources is an exploration company engaged in the exploration and development of the Bekisopha, Satrokala, Tratramarina, and Ambodilafa Projects. All projects are iron ore prospects in Madagascar, where Akora holds 308km-square of tenements across these 3 prospective exploration areas.
Images: Akora Resources Ltd
