Richmond says historical iron ore data shows strong potential for expansion at Buena Vista

Riconcrete or cement aggregates supplieschmond Mining has uncovered impressive total iron values over considerable vertical distances, including numerous individual assays of more than 50% iron, during a review of historic drilling data from the Section 5 prospect at the Buena Vista project in Nevada.

The significance of these historical results is that they demonstrate the strong potential of Section 5 to provide additional tonnes and higher grade magnetite mineralisation to feed the proposed Buena Vista magnetite operation. The Section 5 prospect was initially delineated as a relatively intense magnetic anomaly and Southern Pacific Company drilled a number of, mostly vertical, diamond holes. The historic holes over Section 5 demonstrate wide zones of continuous magnetite mineralisation, containing in many cases, individual assays of between more than 30% iron to above 50%. Section 5 is also strategically located less than a kilometre from the proposed location of the Buena Vista magnetite beneficiation processing facility. The historical drilling data that is available over all the other prospect areas is being...