Britannia's Nthale Project Resembles World Famous 1.8 Billion Ton Iron Ore Mine
04 März 2014 - 2:52PM
Marketwired
Britannia's Nthale Project Resembles World Famous 1.8 Billion Ton
Iron Ore Mine
Geology at Sweden's Kiruna -- A World Class Asset, Lends
Bastillion Resources, Basis for Comparison
NEW YORK, NY--(Marketwired - Mar 4, 2014) - Britannia Mining,
Inc. (OTC Pink: BMIN) (BMIN or the Company), the successor of
a merger between UK based mining development company Britannia
Mining Plc and U.S. based Micron Enviro Systems (Former Symbol:
MSVS), announced today that geologist firm, Bastillion Resources,
sees the Nthale Hill iron ore project to fairly resemble a famous
World Class Asset of well over 1 Billion Tons.
"The Kiruna mine in Sweden is a major iron ore resource," said
Nicola Newmarch, COO of Britannia Mining. "The implication
that the geology at Nthale is remotely similar to Kiruna is
substantial because this shows the potential that Nthale has to be
a World Class Asset of over 100 Million Tons."
Bastillion Resources, a leading geologist firm, first made the
comparison between the two properties in 2013. They noted that
the Kiruna deposits are formed from thicker lenses joined by thin,
extensive magnetite rich beds while Nthale's deposit seems to be
formed by thicker lenses with thin, laterally extensive magnetite
rich beds joining up the thicker lenses.
Paul Karpeta, Principal Geologist of Bastillion Resources,
stated that geophysics at Nthale would have to be conducted to,
"Establish the full extent of the ore body itself and then extend
that out along strike to locate other, thicker
lenses." Continuing, "Certainly, the original geological
mapping of the area by the Malawi Geological Survey indicates there
are possibly another three ore bodies along strike within five or
six kilometers."
The recent view on Nthale's geological makeup, particularly its
similarity to Kiruna, lends heavily to the investment interest
shown toward Britannia. However, Mr. Karpeta has made clear,
Nthale Hill may at this time seem smaller than Sweden's famed iron
ore resource -- which to date is approximated to have produced over
950 million tons of iron ore at roughly 60% Fe -- only because it
is early in the development process. However, it is actually
unclear just how much larger Nthale Hill may actually
be. Therefore, Bastillion's geologists are inclined to believe
that the Nthale Hill project can be developed over time, to reflect
similar tonnage figures as produced by Kiruna, and perhaps also
become recognized as a World Class Asset.
About Bastillion
Resources Bastillion Resources is an independent geological
mining and consulting company specializing in Africa. Its head
office is in Johannesburg, South Africa. The company offers
professional services in exploration and mine geology, economic and
financial deposit evaluation. The company's experience spans 16
years in international consulting in the African continent.
About Britannia
Mining Britannia Mining is a mining development company that
is focused on acquiring high quality mineral and mining
projects. The company is committed to developing revenues by
conducting exploration and evaluation activities. The company's
mission is to identify potential mineral targets to deliver value
via developing sales opportunities.
Acquisition Focus The company is targeting revenue
producing assets and is currently in negotiations regarding
acquisition of mineral stockpiles.
Exploration Focus The company has been developing a
high grade iron ore project in Malawi and is currently renewing the
Exclusive Prospecting License (EPL) for iron ore over 650 sq km at
Nthale Blantyre. The company is targeting 100 Million Tons (MT)
iron at Nthale Hill (20 sq km).
Britannia Mining has inherited the legacy projects (Gold claims)
of the former Micron Enviro Systems in the Yukon and plans to
conduct sampling on this area.
For more information, please visit www.BritanniaMining.com.
Safe
Harbor
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Contact information Team BMIN (646) 580-1153
www.britanniamining.com