Haranga Resources boosts stake in Mongolian Iron Ore Project to 80% - Proactiveinvestors (AU): "Haranga Resources (ASX: HAR) has acquired a further 20% interest in the joint venture company that holds the five exploration licences comprising the Selenge Iron Ore Project in Mongolia.
Haranga Resources now holds an 80% interest and maintains full operational and management control of the joint venture.
Significant widths of iron mineralisation have been intersected at all three of the iron ore targets drilled at Selenge to date and drilling is ongoing with four diamond rigs currently in operation.
Metallurgical test work has commenced on initial samples from Bayantsogt and the company is aiming to define an initial JORC Resource by early 2012."
'via Blog this'
