Murchison’s great expectations

Murchison Metals is now anticipating big find in Western Australia.

oz10000Early drilling results at its Jack Hills project in show that the site could have an iron ore resource of between 1.5 billion to 2.1 billion metric tons.

A figure which is significantly higher than expected.

Back in July, Murchison said it believed the site to contain 991 million metric tons.

Jack Hills is a 50/50 joint venture with Japan’s Mitsubishi, and most of the ore is shipped to North Asia.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Mixx
  • Google Bookmarks

Comments are closed