Kaili Resources grants WA tenement with potential for iron ore to Kaili Iron

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Image credit: Kaili Resources ASX release

Kaili Resources has announced the granting of E45/4619-I (Bea Bea Creek) to its 100% subsidiary company Kaili Iron for a period of 5 years.

Image credit: Kaili Resources ASX release
Image credit: Kaili Resources ASX release

Bea Bea Creek is located in the Pilbara region of WA, which is one of the premier iron regions of the world with several world class iron ore mining operations.

Kaili Iron has targeted Channel Iron Deposit (CID) style of iron mineralisation which are found in ancient palaeochannels resulting in cemented masses of concretionary iron oxides of hematite to hematite-goethite composition.

Following a review of CID style target in the WA Pilbara Kaili Iron submitted an application to the WA Mines Department on the 11th September 2015 for an area surrounding Bea Bea Creek which was subsequently granted.

The area of mapped (GSWA) CID forms a linear region up to 20km in length located to the west of the Great Northern Hwy and BHP and Fortescue Metals Group railway lines that link the Pilbara region to Port Hedland.

“Year 1 exploration will involve field traverses across the mapped CID and interpreted ASTER ferric iron areas with the work comprising geological mapping and collection of geochemical data via the portable Olympus Delta XRF analyser,” Kaili said in a statement.

“In addition, selected rock samples will be submitted to the ALS geochemical laboratory in Perth.”