IMX Identifies DSO Hematite Targets

IMX Resources (ASX:IXR) said today that the initial round of hematite exploration at its Mt Woods Project in South Australia, located near its operating Cairn Hill iron ore mine, has supported the potential for the project to host direct shipping hematite ore.

As quoted in the market news:

“The presence of economic hematite nearby, combined with the early results of our exploration, supports our view that there is strong potential for DSO hematite at Axehead and the surrounding Mt Woodstenements.” [Acting Managing Director John] Nitschke said. “We look forward to the results of ongoing gravity work and initial drilling at Axehead.”

Read the full press release by IMX Resources (ASX:IXR)