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Bullboard - Stock Discussion Forum Ferro Iron Ore Corp V.RRO

TSXV:RRO - Post Discussion

Ferro Iron Ore Corp > Self Explanatory
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Post by wordsout on Sep 02, 2009 9:58am

Self Explanatory

The Buchans camp represents one of the highest grade base metal camps in Canadian history where past mining from five orebodies produced 16.2 million tonnes* of ore averaging 14.51% zinc, 1.33% copper, 7.56% lead, 126 g/t silver and 1.37g/t gold. The first three holes of the program were drilled near an undeveloped base metal sulphide occurrence known as the Clementine prospect. The prospect was discovered by diamond drilling in 1960 and hosts an uncategorized, historical, non compliant NI 43-101 resource of 363,000 tonnes(xx) averaging 4.9% zinc, 2.6% lead, 0.3% copper, and 41.0 g/t silver, which is reported to consist of high-grade, base metal sulphide clasts contained within breccias characteristic of Buchans ores. This resource estimate is historic in nature and should not be relied upon.
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