sampling results at muldoon avg 63.4 haematite

THis is over 162 assays. Hopefully a commencement of drilling ann is not too far away


Muldoon Prospect (E77/1281 – 100% Transit)
• Haematite / goethite mineralisation outcropping
over a 2.5km trend.
• A drilling programme for the Muldoon Prospect
has been designed, and a Programme of Works
has been submitted to the Mines Department
for approval. The Programme of Works of has
been referred to the Department of
Environment and Conservation (DEC) for
assessment.
• TRH have retained MBS Environmental
consultants to manage the approval process
• Significant existing gridlines from previous
exploration activity will aid future drilling
access.
• Assays to date from outcropping mineralisation
are consistently high-grade, with over 70 of the
FOUR PROSPECTS IDENTIFIED
TO DATE
281 ROCK CHIP SAMPLES –
SIGNIFICANT PROPORTION HIGH
GRADE/LOW IMPURITIES
MULDOON - 2.5KM
MINERALISED TREND
DRILL PROPOSAL SUBMITTED
TRANSIT HOLDINGS LIMITED – SEPTEMBER QUARTERLY REPORT 2007
• 162 assays averaging 63.4% Fe and acceptable
levels of impurities.
• A summary of the sample averages at increasing
Fe% cut-off grades are shown below:
Grade Cut-Off # Assays Fe (%) SiO2 (%) Al2O3 (%) P (%) S (%) LOI
0% Fe 162 6 0.0 6 .3 2 .1 0.066 0.067 4 .8
55% Fe 146 6 1.6 4 .4 2 .0 0.066 0.068 4 .9
62% Fe 70 6 3.4 3 .1 1 .5 0.061 0.010 4 .0