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20/10/11
11:22
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Galina is owned by related parties to WGO, including the managing director & IBG (Iron Bark) management associates
Galina holds the rights to 80% of a prospective itabirite iron ore deposit called OKANABORA
WGO will purchase Galina for $3m (of which $1,160,023.57 has been already paid) plus the issue of 14,000,000 and 27,500,000 shares
OKANABORA will become WGO's second exploration project, the first being Youkou
Youkou is prospective for high grade DSO (62%+ grade) iron ore
OKANABORA is prospective for lower grade itabirite (36% grade) iron ore, similar to that found by Sundance (SDL)
regards
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