Perth-based iron ore explorer DMC Mining (ASX: DMM) has kicked off drilling at its its 80% owned Mayoko Iron Ore Project in the Republic of the Congo.
A 0.7 to 1 billion tonnes iron ore exploration target was identified during an airborne geophysical survey in July 2009.
The stage 1 diamond drill program will test the size and grade of the 0.7 to 1 billion tonnes of dominantly itabirite iron mineralisation exploration target.
The drill program will take 3-4 months to complete and will comprise approximately 12 drill holes on 1.5km spaced traverses along the 7km strike of the Mt Lekoumou- Mipoundi prospects, to depths of 200 to 400 metres.
In terms of infrastructure, DMC has been busy, it has struck an access agreement for use of the Mayoko to Point Noire Rail Line during the exploration phase of the Project. The rail line passes within 2.2km of the Mt Lekoumou deposit and connects directly to the wharf at the deep-water port of Pointe Noire.
DMC also has a Memorandum of Understanding with the Port Authority of Pointe Noire (PAPN). Under the MOU, DMC can undertake assessment and design of infrastructure required to export iron ore from the existing port or other areas nearby owned and operated by PAPN.
DMC shares have been on a tear since March 2009, increasing by 233%.
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