CZR Resources: Receives “strong” results from Robe Mesa ahead of resource update
CZR Resources Receives “strong” results from Robe Mesa ahead of resource update
- CZR Resources (CZR) receives “strong” assay results from the lower channel iron deposit (CID) at the Robe Mesa iron ore project in WA
- The company completed a 94-hole drilling effort last month to expand the resource to the north and infill the lower CID to the south
- CZR says the results confirm direct shipping ore (DSO) mineralisation outside the pit design, supporting its expansion plans for the Robe Mesa project
- The results will be used to update the mineral resource and ore reserve estimate, both of which are scheduled for next quarter
- CZR shares are up 6.25 per cent to trade at 1.7 cents just before market close
