Giralia Resources reported an initial Inferred Mineral Resource for the company’s 100% owned Anthiby Well iron ore project, located around 100 kilometres west of Paraburdoo in the Pilbara Region of Western Australia. The Anthiby Well iron ore project is a new discovery of channel iron (CID) mineralisation confirmed by an 87 hole drilling program completed in December 2008. Inferred resource is estimated at 63.5 million tonnes grading 50.5% Fe.
Reported an initial Inferred Mineral Resource for the Anthiby Well iron ore project.
o 63.5 million tonnes @ 50.5%Fe (55.8% CaFe), including
o 37.6 million tonnes @ 53.6%Fe (59.1% CaFe)
This maiden estimate for the Anthiby Well channel iron deposit (CID) is based on an 87 hole first pass drilling program completed in December 2008. The resource is near surface; within ~40 m of natural land surface.
Drilling results include 32 m @ 55.1%Fe incl. 24 m @ 56.0%, 22 m @ 56.3%Fe, and 18 m @ 56.2%Fe.
December 31, 2008
New discovery of thick zones of channel iron (CID) mineralisation confirmed by a 87 hole drilling program completed at Anthiby Well prospect. Results include 32 metres @ 55.1%Fe including 24 metres @ 56.0% from hole RCMW077, 22 metres @ 56.3%Fe from hole RCMW076, and 18 metres @ 56.2%Fe from hole RCMW084.
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