Richmond Mining ^[1] (ASX: RHM) which logged the first hole between historical US Steel holes BV 35 and BV 40, has reported that an intersection of 130m of semi-massive and disseminated magnetite mineralisation took place at its Buena Vista iron ore project, 150km northeast of Reno, Nevada, USA.

The article is quoted as saying:

Seven of the holes are to be drilled at -60° and two at -80°. The majority of the holes are designed to test the higher grade zone in the proposed West pit to a maximum depth of 170m where reported magnetite ore grades 35-40% total Fe.

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