West African Iron Ore Corp. (TSXV:WAI) reported assay results showing an average grade of 30% iron at its Wondima target.
As quoted in the press release:
The mineralization is contained within a sub-horizontal iron rich lateritic cap with an average thickness of approximately 8.5 meters, starting from surface.
The Wondima target will form the basis of the Company’s maiden NI43-101 resource report that is anticipated to be completed by year’s end. SRK Consulting (UK) Limited has completed a full QA/QC analysis of the drilling and assays database as well as a site visit to the Wondima target in early September.