Faranah (Doumelia) Property Map
The Faranah property exploration by GIO showed Banded Iron Formations mainly composed of Magnetite with an Iron content of 25-40%. Further exploration is planned to define the extension of the target areas to acquire a better characterization of the composition of the deposit. The future exploration is based on field work and on the airborne magnetic survey results undertaken by GIO in April 2012.
Additional Faranah property details upon requestFaranah Property – Facts
• 573 km² of licensed land.
• Located in central Guinea south west of the city of Faranah.
• Only 30 km south from Bellzone’s Kalia project (6.16 billion tonnes of magnetite averaging 21.8% FeT*) where the China Investment Fund (CIF) is contributing US$2.7 billion for a 286 km rail to Kalia.
• Rail will end close to the Faranah property.
Guinea Iron Ore Presentation
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