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Fenix Resources Ltd makes strong progress on Iron Ridge Project with maiden dividend for FY21
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Pleasant Ridge approves ordinance to establish guidelines for marijuana businesses
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Fenix Resources Ltd locks in pricing for 45% of planned iron ore production in swap arrangements
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Resources Top 5: New discoveries and imminent gold drilling results
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Gold explorer Megado has assays pending
A drilling program at Scorpion–Fenix’ Pharos Iron Ore JV will be accelerated
Here are the biggest small cap resources winners in morning trade, Wednesday July 21.
Investors agreed, sending the $38m market cap explorer up ~40% in early trade.
New drilling results from 11 diamond drill holes at the Dikaki Prospect – one of 18 at Kroussou confirmed shallow high-grade zinc and lead mineralisation within 40m of surface.
Highlight hits include 13.5m @ 5.3% Zn+Pb from 12.8m.
“The results support the potential for a large-scale shallow, flat-lying, broadly mineralised system with possible continuity across multiple zones which could allow simple open pit mining extraction,” the company says.
Fenix Resources and Scorpion Minerals expedite drilling over Pharos Iron Ore Joint Venture
The iron ore joint venture, which forms part of Scorpion’s Pharos Project, spans 373 square kilometres and lies immediately adjacent and contiguous to Fenix’s Iron Ridge operation, with multiple iron ore targets already identified across 15 kilometres of strike. Fenix and Scorpion are actively exploring the Pharos Iron Ore Joint Venture region.
Fenix Resources Ltd (ASX:FEX) and Scorpion Minerals Ltd (ASX:SCN) have fast-tracked a drill program at the Pharos Iron Ore Joint Venture (JV) asset following a review of historical drilling data.
During the evaluation, the partners identified two iron ore target areas within the JV’s southern Weld Range region, specifically at the Iron Ridge Extension and Ulysses prospects.