The Directors of DGR Global (DGR) are pleased to announce that its subsidiary company, IronRidge Resources Ltd (IronRidge or IRR), has been granted two Autorisation de Prospection (Authority to Prospect) in Gabon: Belinga Sud and Tchibanga, representing the culmination of seven months’ work and providing IronRidge with an exciting new strategic direction in iron ore exploration.
Gabon is located on the central west coast of Africa, a region becoming increasingly recognised for iron ore prospectivity and host to numerous projects including Mbalam/Nabeba (Sundance ASX:SDL), Mayoko Moussondji (Equatorial Resources ASX: EQX) and Kango North (Apollo Minerals ASX:AON). Belinga Sud is located in eastern Gabon and Tchibanga is located in the south west.
The 3,027km² Belinga Sud Autorisation de Prospection is strategically located immediately south of the concession hosting the Belinga Iron Ore Deposits, which contain an estimated combined resource of 860Mt @ 63% Fe1. The Belinga Sud Autorisation de Prospection contains a large tract of the greenstone belt that hosts the rich iron deposits less than 20km to the north. Within this area there are mapped iron formations and several documented iron occurrences. Geophysical data highlights strong magnetic anomalies in the area and in particular a significant southern extension where an outlying greenstone belt is considered to be highly prospective for additional iron formations over a strike length in excess of 35km. The Belinga Sud Autorisation de Prospection is within 85km of the existing Trans-Gabonese rail route, currently used for bulk haulage from the southern town of Franceville to the Port at Owendo, 15km south of the capital, Libreville.
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