CuFe (ASX:CUF) has identified iron enrichment on tenement E52/1613 in the Bryah Basin Project in Western Australia.
During a strategic review of the tenure, CuFe identified that the tenement has the potential for iron ore hosted within the Banded Iron Formation of the Robinson Range.
The $14.68 million market capitalisation company reports early stage reconnaissance fieldwork yields rock chip assays up to 60.63% iron with low impurities.
Within stage one, a prospective corridor of enrichment has also been uncovered along the Banded Iron Formation range coincident with further rock chips taken 1.2km to the east.
CuFe says further detailed mapping and rock chip sampling is required to define the extent of surface iron ore enrichment.
Stage two is broadly defined as a potential area of further enrichment along the formation range to the east, where historical “high-grade” rock chip samples were collected by Pepinnini across the trend.
Both stages provide a corridor of potential enrichment to explore with a strike length of up to 7.2km.
Executive Director Mark Hancock says following a review of the Bryah Basin package, the company identified prospective iron ore within E52.1613.
“Our first partial reconnaissance of the tenement has identified a pod of enrichment that is supported by high-grade iron rock chips and further illustrates the breadth of opportunity our exploration portfolio that CuFe shareholders have exposure to,” he says.
“Although this is not the highest priority within our portfolio (where the focus is on exploration targets for future facing minerals including copper at Tennant Creek, lithium at North Dam, and niobium in the West Arunta), we will follow-up with more mapping and sampling along strike to further test the potential and to identify drill targets.
“The project logistics are favourable and offer potential for the style of low-capex direct shipping ore project we have experience in developing and executing.”
Additional detailed mapping and rock chip sampling is planned for later this quarter to define the extent of iron enrichment within stage one and two.
The Bryah Basin Project includes a package of tenement under various joint ventures and farm-in agreements, primarily focused on the potential for gold and copper.
E52/1613 has the potential for iron ore hosted within the Banded Iron Formation of the Robinson Range. The tenement covers 34km2 and lies 95km north of Meekatharra.
The Roundup
– High grade iron enrichment identified on CuFe Bryah Basin Tenement E52/1613
– Corridor of surface supergene enrichment of Banded Iron Formation identified
– Full field mapping and rock chip program planned for later this quarter
Write to Aaliyah Rogan at Mining.com.au
Images: CuFe
