BSGR Guinea is conducting an exploration program focusing on Iron Ore at Simandou North (Blocks 1 & 2) and Simandou South (Zogota). The combined concessions are estimated to hold 5 - 8 billion tonnes of high quality hematite ( 58% - 69% Fe). A further 20 billion tonnes of magnetite (30% - 40% Fe) is estimated to exist at the combined concession areas. Exploration activities at Zogota started in 2008, while work at Blocks 1 & 2 started early in 2009. A feasibility study for Zogota, is scheduled for completion during Q4 2009 early Q1 2010. Prospecting permits for Blocks 1 & 2 in Simandou North were awarded to BSGR Guinea during December 2008 by the previous government and in February 2009, definitive re-confirmation of ownership was given by both the Ministry of Mines and Energy and the incumbent President of Guinea. For further information on the BSGR group, please visit BSG Resources BSG Resources.