Avonlea Minerals has reported encouraging sampling results from a set of iron prospects within the company’s Okatumba exclusive prospecting license 4129 in Namibia.
Avonlea said that it undertook its first exploration program in July 2009 and incorporated grab and surface channel samples were conducted over the Hammerhead, Bronzy, Nail and Tack targets in the northern part of the 1000 square kilometer EPL.
Avonlea said that it was enthusiastic that the initial assays indicated a very large scale magnetite rich mineralization zone at Hammerhead and neighboring prospects. It added that "Better surface channel sampling results from magnetite-rich zones included 300 line metres grading 23% Fe, 70 line metres at 28% Fe and 60 line metres at 27% Fe, while grab samples returning high grade zones of 49% and 45% Fe were also collected."
Source: The Economist, Namibia
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