Arrow Minerals, an exploration and development company, has discovered high-grade mineralization at its newly acquired Simandou North Iron Project in Guinea-Conakry.
During the initial drilling phase in February, the company unearthed promising results from the first five holes, with surface samples showing grades as high as 63%. Additional testing of 392 samples is currently underway.
With a commitment to establishing a direct shipping grade iron mining operation by June, Arrow Minerals plans to capitalize on existing rail infrastructure and conduct over 150 drilling holes as part of its expedited strategy.
Efforts are underway to fast-track rail, port, and shipping logistics, along with iron ore marketing, metallurgical testing, and environmental impact assessments.
Arrow Minerals’ Managing Director, David Flanagan, expressed optimism about the drilling program’s early success, highlighting the project’s potential as the first systematic campaign unfolds.
In March, Arrow Minerals acquired full ownership of the Simandou North Iron Project from Amalgamated Minerals for $1.3 million.
With an estimated 4.6 billion tons of iron grading 65%, this project stands as the world’s largest high-grade iron ore venture.
