Magnum Mining and Exploration (ASX:MGU) is planning a drilling campaign at its Buena Vista Green Pig Iron Project in Nevada to identify possible high-grade DSO (Direct Shipping Ore) sources and evaluate the potential for a DSO mining operation at the site.
DSO is ore that does not require any beneficiation, making it ideal for early production potential.
The company says another goal of the campaign is to test the grade of high grade massive magnetite outcrops.
Magnum Mining and Exploration says drilling is expected to start in April and take at least two weeks to complete, with results expected within six weeks after drilling completion.