Coziron reports first drilling result from Kunyit iron ore project

Australian mining firm Coziron Resources Ltd said that the first hole in the drilling program at its Sungai Kunyit iron ore project in West Sumatra has intersected 36.0 meters of massive hematite ore from surface.

Coziron said the first hole located at the Bukit 1 prospect was drilled to a total depth of 96.0 meters drilling intersected hematite ore from surface down to an inclined depth of 36.0 meters, and was designed to test mineralisation along strike, and at depth.

According to Coziron, the first hole has confirmed that a potential small to medium sized near surface ore body could be delineated at the Kunyit project. Three main prospect areas have been identified, namely Bukit 1 Bukit 2 and Bukit 3; which extend approximately five kilometers in strike.

The three Bukits appear as resistant magnetite / hematite hills and the vertical dimensions and under surface extent of each Bukit is unknown and requires further testing to determine a potential resource, Coziron added.

The geological model interpreted indicates a shear hosted mineralized zone within a sub-vertical structure, varying in width, up to a few hundred meters as at Bukit 3. The shear structures have provided a conduit for iron rich intrusives and forms an irregular dyke-like body with occasional thickenings that have weathered to leave resistant or residual boulders of magnetite and hematite on the hilltops.

Historic exploration and rock chip/grab sampling has returned assays of up to 66.30 %Fe. (denny)