Australian company estimates 69.4 million tons of 26.5% iron-ore in north Uruguay

Saturday, September 8th 2012 - 06:53 UTC

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Australia’s Gladiator Resources has announced a Joint Ore Reserves Committee, JORC, Indicated and Inferred Resource of 69.4 million tons at 26.5% iron at its Zapucay Project in the department of Rivera, northern Uruguay. Read full article

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ChrisR
Perhaps it may be worth winning, but it is very minor compared with Brasil who are gearing up to get their ore concentrate to a deep water port with the minimum of cost and human assistance.

We don't even have a deep water port within reasonable reach until (hopefully) the deep water port on the Atlantic coast is constructed.

Can't imagine the big players are going to be interested.
Sep 08th, 2012 - 12:13 pm - Link - Report abuse 0
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row82
Please support this page - Falkland Islands Desire The Right - dedicated to Falkland Islands current affairs, keeping the islands free and poking fun at the lunacy of the Argentine government and their various claims and winding up their Internet trolls - https://www.facebook.com/Britain1592
Sep 08th, 2012 - 06:26 pm - Link - Report abuse 0
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redpoll
@1 Chris The Zapucay project has been kicking around for years and I understand the deposit has a high magnesium content also.It will require a profound environmental impact study.It is within reach of a rail head if they ever get round to reforming AFE. The only gold mine in Uruguay, producing 60,000 ounces a year is located in the same area and has been thoroughly monitored by DINAMA over the years and has brought considerable prosperity to the area but a massive open pit operation is another kettle of fish altogether
Sep 08th, 2012 - 11:22 pm - Link - Report abuse 0
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British_Kirchnerist
Good news, good luck to Uruguay =)
Sep 09th, 2012 - 05:53 am - Link - Report abuse 0
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redpoll
Thank you Bk for your good wishes.I hope the politicos will get the best deal that they can. As one concerned with the enviroment and the prosperity of my pueblo we will be watching this one very closely. Politicos are ephermeral.The goldmine pays a cannon to the state of nearly 2m a year which goes into rentas generales. When I asked what the politicos would invest in my pueblo from this income when the gold ran out the answer was Pancho (not my name)“ theywill find some more gold sooner or later” They couldnt really care a tinkers about the future of my pueblo as long as the money keeps rolling in to the national coffers
Sep 09th, 2012 - 08:32 pm - Link - Report abuse 0
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