MIDWINTER RESOURCES NL - ASX: MWN

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Description

Midwinter Resources is an Australian based exploration company established to generate significant shareholder wealth by identifying, acquiring, exploring and/or developing substantial mineral projects that possess the potential for significant cashflow and/or exploration upside. The Company’s Directors possess a range of skills including a strong background in exploration, and are highly motivated to achieve success by:

 

Discovering and defining resources and reserves.
Applying newly developed exploration models based on up-to-date research.
Attaining the maximum value from exploration expenditure.
Targeting additional projects that have the potential to host deposit types consistent with the Company’s corporate strategy.

To this end, Midwinter Resources has recently acquired the Northern Lights Iron Ore project in the Limpopo district in the Republic of South Africa.

NORTHERN LIGHTS IRON ORE PROJECT – LIMPOPO PROVINCE RSA

The Northern Lights Project is a magnetite iron ore project in a known iron ore province of the Limpopo District in the Republic of South Africa. There is potential for the discovery of significant magnetite resources hosted in metamorphosed banded iron formations (“BIFs”) similar in style to that defined by Ferrum Crescent Ltd at the Moonlight Project to the south (310Mt @ 29% Fe). This style of mineralisation typically produces coarse, high quality Fe concentrates from relatively straight forward beneficiation of magnetite ores (coarse grind and low intensity magnetic separation).

The Project area displays surface outcrop of magnetite and has had limited exploration carried out including regional airborne magnetic survey, mapping, and surface sampling. The regional airborne magnetic data (1km line spaced contour image) shows the Northern Lights Project has larger and possibly more intense magnetic targets than that displayed by the Moonlight Deposit (Map 1). Systematic exploration is planned to define priority targets for first pass drilling by Midwinter. Midwinter’s exploration will commence with a detailed airborne survey which will provide invaluable information for follow-up targeting. Further detailed geological mapping, trenching and/or pitting to better expose previously mapped subcrops and possibly ground geophysics may also be undertaken to help site drill holes.

Mine For

iron ore

Location of operation(s)

South Africa

Address

Level 2, 38 Richardson St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9322 6451

Email

Website

http://www.midwinterresources.com.au

Last Updated

22/03/2011