West African Iron Ore Corp. (TSXV:WAI) announced assay results from the first 102 holes on its Wondima target, indicating an average grade of 30.52% Fe.
As quoted in the press release:
The Wondima target is an extensive iron bearing layered prospect that has been identified along the northern extension of the Sambalama/Kaliadi magnetic anomaly. The central part of the target where this drilling has been concentrated consists, as of today, of an area of 33km² out of a geophysical target of 64 km² of raised plateau with a flat and hard iron rich cap. Identified mineralization starts from surface to depth of up to 16 meters. WAI started drilling in this area in March 2012 on a grid on 400m X 400m and until July 7, 2012: 9,365 meters of Reverse Circulation (“RCH”) drilling have been completed in 351 drill holes. A further 854 meters of drilling in 46 Diamond Drill Holes (“DDH”) have also been completed; both RCH and DDH are drilled vertically. Our original proposed RCH drilling programme was 8,000 meters (see release number: WAI NR12-03 dated March 21, 2012). The size of the Wondima mineralization identified to date has doubled in size since our March 21, 2012 release. Our RCH drilling programme that is ongoing, will be extended in order to define total mineralization area of the Wondima target.