Coziron resources to start first drill in W. Sumatra iron project

Australian mining firm Coziron Resources Limited said Wednesday that first drill program at the Rawang Gadang iron ore project (Rawang), Solok regency, West Sumatra would begin in the next two weeks.

Coziron said that the initial diamond drilling program was designed to target a highly prospective zone of magnetite which extends 400 meters east-west running semi parallel to the Sumatran Fault Zone (SFZ), and was exposed for 100 meters in width.

The host rock is a quaternary volcanic sequence of tuffs and lavas and the prospect appears to be flanked north and south along strike by volcanic flows, truncated to the west by the SFZ, and dips under volcanic flows in the east.

The proposed program comprises up to 3,000m of diamond drilling over approximately 40 holes and was designed to test the lateral extent of the magnetite mineralization, Coziron added.

The Rawang project has produced significant regional geochemical and results with consistent grades of around 64%Fe. Composite trench sampling has peaked at 89.25%Fe.

The company intends to apply for a mining license over the project area in approximately three months time.

The company?s projects are currently in Indonesia and include the Rawang Gadang Iron Ore Project, the Kunyit Iron Ore Project, Lubuk Gadang Zinc/Lead Project and Inderapura Area Coal Project; all are located in West Sumatra.

All the projects are still at early exploration stage. (denny)