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Tsodilo Resources? Exploration Target of 5 to 7 Billion Tonnes of Iron Ore for the Xaudum Iron Ore Project in Botswana
Tsodilo Resources? Exploration Target of 5 to 7 Billion Tonnes of Iron Ore for the Xaudum Iron...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources? Exploration Target of 5 to 7 Billion Tonnes of Iron Ore for the Xaudum Iron Ore Project in BotswanaTsodilo Resources? Exploration Target of 5 to 7 Billion Tonnes of Iron Ore for the Xaudum Iron Ore Project in Botswana\n\nToronto, Ontario CANADA, January 22, 2014 /FSC/ - Tsodilo Resources Limited (TSD - TSX Venture), (\"Tsodilo\" or the \"Company\") is pleased to provide additional information on its Xaudum Iron Ore Project based on conservative modeling of ground magnetic data over the project area (survey comprises 18,000 line kilometers (\"km\") on lines 50 meters apart and covers 1,600km2). \n\nSummary\n\n* A conservative exploration target of 5 to 7 billion tonnes of Iron Ore at grades ranging between 15-40% Fe has been calculated for the entire strike length (36.8km) of the Xaudum Iron Ore project, Botswana. This includes both units of the Xaudum Iron Formation consisting of a Magnetite Banded Iron Formation \"BIF\" (ranging between 25-40 % Fe) and a Magnetic Schist (ranging between 15-25% Fe). All mineralized units within the Xaudum Iron Project are capable of producing a premium grade magnetite product of >68% Fe as discussed in the Company's Press Release of November 26, 2013 and available on the website at www.tsodiloresources.com. \n\n* Tsodilo calculated this exploration target by extrapolating results from current drill hole data to the far larger area covered by the ground magnetic geophysical data by utilizing a ground magnetics inversion model.\n\n* Approximately only a fifth of the ground magnetic anomaly has been drilled to date, around 7km of the 36.8km total strike length, from which 30.6km of core has been recovered from 143 boreholes in this area, see Block 1 area in Figure 1 hosted on the company's website at: http://www.tsodiloresources.com/i/maps/Fig-1_2014-01-21_PR.jpg . This exploration target demonstrates the significant potential of the project area for future development in terms of exploration and resource definition drilling.\n\nThis exploration target was generated by inversion modelling of ground magnetic geophysical data (created in GOCAD using VPmg) creating volumes representing the potential Iron Ore distribution. These inversion modelled volumes overestimate the volume of iron mineralization, and were adjusted by creating reduction factors. These reduction factors were c...