iron potential

Prosperity Resources (ASX:PSP) has initial rock chip assays including
values up to 59.1 per cent iron from 12 samples ranging between 31.4pc
and 59.1pc iron over a 4km strike at Woolshed prospect, Western
Australia.
The area has never been assayed for iron before but is in close
proximity to Mt Gibson Iron's deposits and follow up RC drilling will
commence upon sourcing a suitable rig.