Pepinnini Minerals (ASX: PNN) has already identified a number of magnetite prospects within the tenements held by the Sinosteel PepinNini joint venture in the Curnamona Province of South Australia.
The joint venture has prioritized the investigation of the iron ore potential of the tenements, and have now kicked off an initial drilling program to evaluate the magnitude potential, along with the metallurgical characteristics of the magnetite, at the Macdonald Corridor Iron Ore Prospect.
Three priority targets have been identified within outcropping to shallow glacial BIFm of Neoproterozoic age by interpretation of detailed regional magnetic data and geological mapping of the area.
A plus for the project is the location, with the current infrastructure near the towns of Broken Hill and Peterborough, and around 30 kilometres from the heavy duty trans-Australian railway and adjacent sealed Barrier Highway.
The program will comprise around 2000 metres of reverse circulation percussion drilling to 150 metres along two planned traverses.
Pepinnini said that modeling of aeromagnetic data indicates the main magnetic units of the Braemar Iron Formation to be 425 to 450 metres wide along Traverse 1 and 750 to 800 metres wide along Traverse 2.