December 4, 2011

Haranga Resources strikes high grade iron in Mongolia's premier development region - Proactiveinvestors (AU)

Haranga Resources strikes high grade iron in Mongolia's premier development region - Proactiveinvestors (AU): "Haranga Resources (ASX: HAR) is having some exploration success in Mongolia, with the company delivering a very promising set of drilling results from a project which is strategically located in the heart of the country's premier iron ore development region.

Within the Selenge Iron Ore Project is the Bayantsogt Prospect, 29 of 33 holes intersected broad widths of iron mineralisation.

Highlights from the latest results which cover holes 15 to 20 include:

- 103 metres at 44% iron from 225 metres, including 28 metres at 58% iron;
- 20 metres at 47% iron from 35 metres, including 7 metres at 59% iron; and
- 30 metres at 46% iron from 307 metres."

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