same source -pdf was previously posted but i didnt
Post# of 8054
During 2008-2009, Navial made legal claim (Denuncios Mineros) to over 460,000 Hectares (>1,150,000 Acres) of contiguous area
which contain: • Hundreds of rich outcropping veins of very High Grade (65 - 70% Fe) Magnetite and Hematite
• Potential for “World Class” Deposits of High Grade (40-55%) disseminated Magnetite suitable for beneficiation
•Hundreds of millions of tons of Iron and Ilmenite bearing sands (15-20% Fe by volume) in the hundreds of Kms of river bottoms within our claims.
At the same time, Navial acquired the rights to many pre-existing small claims (in holdings) in the area,