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Mining company begins drilling in the Republic of Congo

Mining company

SANDVIK DE710 The company has started drilling with the Sandvik drill rig, which it bought in late 2009
International iron-ore company Sundance Resources has begun drilling at the Nabeba deposit in the Republic of Congo, a key exploration target for the company’s Mbalam iron-ore project in 2010.
The Nabeba deposit is located 42 km south of the Mbarga deposit where Sundance has previously reported Joint Ore Reserves Committee- (Jorc-) compliant indicated and inferred resources of high-grade haematite 
totalling 215,2-million tons, with a grading of 60,2% iron (Fe) and indicated and inferred resources of itabirite haematite totalling 
2,325-million tons, with a grading of 38% Fe.
Drilling at the Nabeba deposit is aimed at defining additional Jorc-compliant resources 
of high-grade haematite based on a current exploration target of 100-million tons to 250-million tons of haematite, with a grading of 55% to 65% Fe.
The company has started drilling with the Sandvik DE710 drill rig, which it bought in late 2009. 
This rig has achieved excellent penetration rates and core recovery from recent drilling on the company’s exploration landholdings to the north of the Nabeba deposit in the Republic of Cameroon.
A new Schramm reverse ciculation drill rig is currently being shipped from the US and is targeted to start drilling at Nabeba in the March 2010 quarter.
“We are very pleased that drilling has commenced at Nabeba after a tremendous effort by our field team in constructing new 
access to the deposit over recent months,” says Sundance CEO Don Lewis.
He says that the local infrastructure 
improvements and support to the local communities in this remote part of the Republic of Congo is being well received, as are the employment opportunities and training being provided for the national workforce by Sundance.
“Our first phase of drilling on exploration permit 92, in Cameroon, successfully defined a world-scale resource inventory of high-grade and itabirite haematite at the Mbarga, Mbarga South and Metzimevin deposits. 
“We are currently drilling out these deposits with the aim to progressively convert current resources to reserves,” he says.
The company is looking forward to increas-
ing its high-grade haematite resource inven-
tory over the coming months through the drilling programme now under way at Nabeba. 
It reports that, if its exploration target is achieved, this could result in a potential 
doubling of the tonnage of high-grade 
haematite controlled by the company.
This is an important milestone for the Mbalam project following its latest $85-million capital raising. 
The drilling programme, which forms a core part of Sundance’s definitive feasibility study, has the potential to add substantial value to the project as the company pro-
gresses discussions with prospective partners, customers and financiers in support of project financing activities in 2010.

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