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Strike Resources starts environmental study at Peru magnetite project

Strike Resources starts environmental study at Peru magnetite project

Strike Resources (ASX: SRK) has started the Environmental Impact Assessment study on the main Opaban Concessions at its flagship Apurimac magnetite project in Peru.

The EIA is necessary to enable assessment by the Peruvian Ministry of Energy and Mines of its proposed drilling campaign planned for early 2014.

It plans to validate Apurimac’s Exploration Target of at least 500 million tonnes at 56%-58% iron to support the establishment of a 15 million tonne per annum to 20Mtpa iron ore operation.

Drilling of the main Opaban 1, Opaban 3 and Christoforo 22 concessions as well as drilling the prospective Sillaccassa Concessions will help grow the current Apurimac resource of 269Mt of iron ore at 57.3% iron.

At the Opaban Concessions, Strike will commence a 135 hole drilling programme totalling about 24,000 metres aimed at extension of the current resources and assessment of untested gravity anomalies.

The drilling program is expected to start in July 2014.

Approval has also being secured from the Cascabamba community to undertake further exploration and drilling at the prospective Sillaccassa Concessions, 25 kilometres west of Opaban.

The company plans to drill less than 20 holes at the Sillaccassa Concessions, allowing for drilling to possibly start as early as February 2014.


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