bc iron high ca fe to sth of gda corunna downs

BC Iron who are located to the south of Gondwana's Corunna Downs tenements in the Pilbara today reported results of infill drilling. The LOI in the assays are about as high as I can recall seeing. They are targeting a 3mt per annum production in late 09 early 2010.
They have relatively narrow channels but the LOI means they have high Calcined Iron which is encouraging for Gondwana's soon to be drilled Corunna Downs Iron-ore project to the north of BC Iron's. BC Iron's project is just north of Fortescue's operation at Cloudbreak.

http://aspect.comsec.com.au/asxdata/20080901/pdf/00876071.pdf