Eagle Star Completes Stage 1, Begins Stage 2 at its Angico Iron Project

Eagle Star Minerals (OTC Other: ELGSF; TSX-V: EGE) has completed stage 1 of an exploration program its Angico Iron Project in Northeast Brazil and has commenced the stage 2, which will be more extensive and include up to 5,000 metres of core drilling. 

The first stage of exploration included mapping, sampling, ground magnetometer surveys, trenching and 500 meters of scout drilling. Results from the work completed to date demonstrate significant mineralization at depth and along strike. The results of trenching on the company’s largest block, Cavaleiro, indicated the presence of significant high grade Banded Iron Formation which extends at least 2km along a strike of 8 km with some of the samples returning 44.66% Fe2O3 across 39 metres and 51.98% Fe2O3 across 18 metres.

Read More

Advertisements

Comments are closed.

%d bloggers like this: