United Minerals gets outstanding iron at Railway 10:13, Tuesday, 24 June 2008
Sydney - Tuesday - June 24: (RWE Aust Business News) - United Minerals (ASX:UMC) has outstanding high grade drill results from two noteworthy holes at Railway prospect, Pilbara, Western Australia. Results include 100m grading 61.1 per cent iron and 80m grading 64.4pc. All holes show very low levels of all impurities, typical of high grade Marra Mamba ores. The results show strong lateral continuity of thick, high grade iron mineralisation over 300m east west and 160m north south. The increase in thickness from an average of 30m in the west to an average 90m in the east outlines a large open pittable body with low strip ratios in the central part of the drill out zone. Structural folding and fault repeats are suspected of having a very positive influence on iron ore distribution in the central part of Railway. ENDS
Cheers markco2
UMC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held