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Proactiveinvestors Australia

Accent Resources www.accentresources.com.au/

Accent Resources (ASX: ACS) is focused on iron ore and gold exploration in Western Australia and Queensland.

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Accent Resources adds value to Magnetite Range project

Monday, July 19, 2010

Accent Resources adds value to Magnetite Range project

Accent Resources (ASX: ACS) has flagged the possibility of a joint venture, farm in and sale, and shared infrastructure scenario with the neighbouring magnetite project at Mt Gibson's (ASX: MGX) Extension Hill for its flagship Magnetite Range, 300 km northeast of Perth.

Any of these outcomes would add significant value to Accent's Magetite Range iron ore project, a 390 million tonne Resource Project.  More than 70% of the maiden resource are already in the Indicated category.

E59/875 partly surrounds Mt Gibson Iron Ltd’s Mt Extension Hill project and it would appear that the ironstone formation extends onto the Company’s EL59/875 at the north eastern and south western extremes of the project.

 

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(ABN: 19 132 787 654) which is a Corporate Auhorised Representative (CAR: 413802) of RM Capital
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