Cotton & Western Mining Inc. (CWRN)

[balihi]

Chemical Analysis - RIO FOX

INDEPENDENT ANALYSIS BY BAO SHAN STEEL WORKS and SHANDONG HONGDA METALLURGIC CO., LTD, The following analysis was conducted on 100 Kg of Hematite Fe 2O3 , (Lump) that were shipped to Bao Shan Steel Works and 10 kg of Hematite Fe 2O3 (Fines) that were shipped to Shandong Hongda Metallurgic Co., Ltd. The Chinese data sheets are available upon written request.




ELEMENTS


SYMBOL PLUS


PERCENT ELEMENTS




BAO SHAN


HONGDA




COMPOSITION OF HEMATITE


Fe 203


~


~




IRON


Fe


68.54%


69.73%




SILICON


Si 02


02.51%


01.57%




PHOSPHOROUS


P 205


00.30%


00.09%




ALUMINUM


Al 203


00.30%


01.07%




MANGANESE


Mn 0


01.86%


00.10%




SODIUM


Na 20


~


~




POTASSIUM


K 20


~


~




CALCIUM


Ca 02


00.08%


00.10%




TITANIUM


Ti 02


00.06%


00.07%




MAGNESIUM


Mg 0


00.95%


00.10%




SULFUR


S


00.19%


00.05%


The above samples were taken from Rio Fox I for Bao Shan and from Rio Fox Deposit I-B for Shandong Hongda….

The below analysis was conducted in Mexico in2004 from samples taken from Rio Fox
deposits I-A and I-B.

Note: Percent by weight on a dry basis using quantitative analysis by X-ray Fluorescence with a percent weight factor of 1.4209 for the dry Fe content, Example 94.26/1.4209= 66.33% Fe






ELEMENTS


SYMBOL PLUS


PERCENT ELEMENTS




Rio Fox II


Rio Fox II




COMPOSITION OF HEMATITE


Fe 203


94.26%


92.85%




IRON


Fe


66.33%


65.34%




SILICON


Si 02


01.10%


02.32%




PHOSPHOROUS


P 205


~


~




ALUMINUM


Al 203


00.46%


00.42%




MANGANESE


Mn 0


~


~




SODIUM


Na 20


~


~




POTASSIUM


K 20


00.02%


00.01%




CALCIUM


Ca 02


00.12%


00.11%




TITANIUM


Ti 02


~


~




MAGNESIUM


Mg 0


00.32%


00.46%




SULFUR


S


~


00.01%




TOTALS





96.28%


96.18%




MOISTURE





00.10%


01.30%




VOLUMETRIC LOOSE BULK


M³ / MT


2.65


2.71