PepinNini Minerals (ASX:PNN) has commenced exploring for high grade iron ore at the Billeroo Prospect in South Australia.
Samples taken from surface at Billeroo are variable but graded up to 65.7% iron (Fe).
An RC drilling program of 2,800 metres has commenced at the Billeroo Prospect, which displays potential for Direct Shipping Ore (DSO) grade magnetite mineralisation at surface or shallow depths.
Billeroo Prospect” is recognised as four discontinuous iron rich outcrops up to 300 metres in length and up to 40 metres wide that have been identified across an east – west trend of approximately 3 kilometres.
Sinosteel PepinNini Curnamona Management Pty Ltd (SPCM) manage the exploration for the project on behalf of the Joint Venture partners Sinosteel Corporation (60%) and PepinNini Minerals (40%) and have indicated the drilling program will take approximately 3 weeks to complete.
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