Arrow Minerals has announced the confirmation of high-grade iron (>64%) analytical results from rock chip samples collected on the Simandou North Iron Project, Guinea.
These rock chip samples were collected as part of Arrow’s first pass geological mapping and geochemical sampling program. This exploration program specifically targeted zones of outcropping iron formations extending over > 40km.
“I am delighted by these results. They confirm the iron formation at our Simandou North Iron Project hosts the highgrade iron we are targeting. It also provides evidence of iron grades equivalent to those on the Winning and Rio projects to the south.
“We are progressing rapidly to our first drill program with ongoing support from the local communities and Government of Guinea,” comments Arrow MD, Hugh Bresser.
Arrow’s Guinea team is now in the field conducting detailed geological mapping and infill geochemical sampling over the southern two target zones.
Results from this work will assist Arrow with the placement of the initial drill holes to test the depth and extent of the high-grade iron zones within the target areas.
Arrow anticipates commencing its maiden drilling program at the Simandou North Iron Project in April. The drilling program will contribute towards Arrow earning a 60.5% controlling interest in the project. The company says that the details of the drill program and commencement of drilling will be announced in due course.
Arrow Minerals exploration programme
High priority areas have been identified within Arrow’s Simandou North Iron Project area, each between 5 km and 7 km in strike length. These priority areas demonstrate modelled geophysical responses consistent with those expected for significant haematite development and enrichment within the iron bearing lithologies.
Arrow Minerals Infrastructure
The government of Guinea, Simfer and WCS created La Compagnie du TransGuineen (CTG), a JV company to co-develop the megaproject requiring the construction of the 670 km “TransGuinean” railway, extending from the Simandou Ranges to Forécariah on the coast where the deep-water port and ship loading infrastructure will be built at Morebaya.
This $US15 billion major capital investment is set to deliver shared purpose infrastructure to the area, with the government targeting completion by December 2024, enabling commercial production from mines in the area by 2025.
In January, the government of Guinea stated that Rio Tinto Group, Winning Simandou Consortium and China Baowu Steel Group agreed to restart infrastructure development for the multipurpose and multi-user infrastructure project in March 2023.