Arrow Minerals (ASX:AMD) has restarted fieldwork at its Simandou North Iron Ore Project in West Africa in preparation for the 2024 drilling season.
The $12 million market capitalisation company is planning to begin a drill targeting program in March 2024.
Before starting drilling, Arrow will re-log drill core previously completed as part of a scout drilling campaign, from which it aims to confirm geological logging with assays at hand.
The company will also establish geo-metallurgical domains to inform the collection of metallurgical samples.
Further, a series of composite core samples will be collected for consignment to metallurgical laboratories for preliminary metallurgical testwork.
Arrow says the aim of the testwork is for the company to gain a preliminary understanding of the grades and physical sizing of iron ore products that may be produced from the Simandou North mineralisation encountered in drilling.
Upon completing these activities, the company will conduct reconnaissance traverses and plan work for a detailed geological mapping program at the Kalako target ridgeline extending from the southern tenure boundary noth for about 2km.
This will provide further field data to inform a detailed structural analysis currently underway to uncover corridors that may reflect ‘synformal deformations’ and conduits for hydrothermal fluids.
Arrow Minerals is an explorer and developer focused on identifying mineral deposits in West Africa.
As of 30 September 2023, the company had $265,000 cash and cash equivalents at hand, according to its latest quarterly report. Post-quarter-end, Arrow Minerals received $250,000 cash and $250,000 worth of Raiden Resources (ASX:RDN) shares.
Write to Aaliyah Rogan at Mining.com.au
Images: Arrow Minerals
