BRITISH COLUMBIA – Tucked away at the end of the Quesnel Trough and only 60 km from Kamloops, the Ironmist property has captured the attention of American Creek Resources of Raymond, AB. Consequently, the company announced that metallurgical testing of drill core composites shows promise that the property could produce a high-grade magnetite-vanadium concentrate.
The project is still in the earliest stages of exploration, but the company says that the seven-hole drill program completed in November 2009 confirmed significant magnetite mineralization at depth. Testing revealed that a concentrate averaging 67% Fe (93% magnetite) may be suitable for direct shipping. The latest tests indicated elevated levels of vanadium in the concentrate that may provide a economically important byproduct.
For detailed assay data please see www.AmericanCreek.com.