Results from an 82 hole drilling program confirm extensions to the initial JORC hematite resource of 7.2 million tonnes @ 57.2% Fe with intersections including 12 metres @ 59.3 %Fe from hole RCB065. Results from the first drill testing of 3 of 7 hematite zones discovered at nearby Beebynganna Hills are significant, including 10 metres @ 57.7% Fe from hole RCBH021, and 6 metres @ 61.8%Fe from hole RCBH024.
December 13, 2007
Announced an initial JORC compliant Inferred Resource of 7.2 million tonnes @ 57.2 % Fe for the property located on the western portion of the Weld Range.
October 25, 2007
Completed a further 18 RC drill holes in the current program testing its wholly owned segment of the Weld Range. Results have been received for the first 9 holes (hole RCB007-35) drilled, with a number of significant low phosphorous iron ore intersections returned including 43 m @ 57.5% Fe, 0.04 % P (hole RCB033), and 28 m @ 59.4 % Fe, 0.045% P (hole RCB035).
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