Forrestania Resources Ltd (ASX:FRS) has leveraged in-house geological modelling and geophysics to identify what it considers “significant” iron ore targets in the northeast and northwest areas of its Koolyanobbing Iron Project in Western Australia.
The new targets are close to existing road, rail and mine infrastructure, and just 500 metres from Mineral Resources’ operating K1 pit.
FRS believes the targets have substantial potential for iron ore mineralisation.
Targets to be tested
“The Koolyanobbing Fe Project continues to evolve as more targets have been identified in the project area,” Forrestania Resources chair John Hannaford said.
“These northern targets, being much closer to the MinRes operations, have significant potential for economic discoveries given size and proximity to infrastructure.
“We look forward to testing the northern targets as the first stage of the upcoming drill program.”
The new targets sit along the Koolyanobbing Greenstone Belt (KGB), a region known for its Banded Iron Formation (BIF) deposits, metasediments and greenstone sequences.
FRS expects to begin drilling multiple high-priority areas in mid-July, once heritage surveys have been approved.
The drill rig will target these new northern areas first, before moving to targets in the south of the project tenure.
Map of the Kooly FE Northern target area.