Fantastic high-grade iron ore intersections for Fenix Resources at its Iron Ridge Project have been announced today.
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The news has set the FEX share price on fire. It soared 63.6% to close at 3.6c with an intraday high of 5.8c. The volume was huge with around 158 million shares being traded. Lots of profit taking but it was the buyers who were in the driver’s seat today.
I really like the look of those assay results. Big, thick intersections with low
impurity levels. Diamond drilling results are currently pending with results from the metallurgical testwork to be available in February and a new Mineral Resource to be completed in March 2019. There will be quite a bit of news flow over the next few months and further good news will almost certainly see further share price gains.
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