
Posse drilling intercepts haematite as project ramps up
DRILLING at Crusader Resources’ Posse iron ore mine in Brazil has intercepted broad zones of high-grade massive haematite ore, as the project ramps up to full production in August. Two drill holes returned an average grade of about 45 per cent iron, a marginal increase on the mine’s JORC-compliant mineral resource estimate of 36 million tonnes grading 43.5 per cent iron. Results included 136.6m at 45.23 per cent iron from surface in PORC-003 and 120m at 45.26 per cent iron from surface in PORC-004. The drilling also intercepted thick zones of friable itabirite, which comprises the bulk of the project resource. The company reported that this itabirite would be the principal ore to feed the project’s planned Stage 2 beneficiation…