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Hawthorn Resources (ASX:HAW) has revealed a maiden probable ore reserve of 62,000 ounces of gold at the Anglo Saxon Gold Project in the Eastern Goldfields of Western Australia.
The Mt Bevan project (Legacy 60%, Hawthorn Resources 40%) is located immediately south and adjacent of St George Mining’s (ASX:SGQ) Mt Alexander Project tenement. The project hosts 1170 million tonnes of magnetite resource at 34.9% iron, as well as a significant potential for the discovery of nickel–copper mineralisation in the northern part of the tenement. St George recently had significant success identifying nickel-copper sulphide mineralisation at Cathedrals, Stricklands and Investigators prospects along the Cathedrals Shear zone.
Legacy Iron Ore Ltd (ASX:LCY) is focussed on the development of iron ore, coal and gold deposits.