daytrades august 11 pre-market, page-19

CAMEL HILLS IRON ORE DRILLING AND
HIGHLY SIGNIFICANT NEW COPPER/GOLD DISCOVERY
Highlights
?h Reconnaissance RC drill program of new iron ore targets successful
o Several thick intersections of magnetite iron reported
o Best result of 60m @ 33% Fe from hole BCT20R006
?h Dalgety prospect yields high grade copper and gold mineralisation from surface rock chip samples
o Best results from gossanous quartz veins include 5% Cu and 1.8g/t Au, 2.5% Cu and 3.7g/t Au.
?h Follow-up prospecting and mapping underway
ARM ann

Magnetite Iron Ore Drilling
Desert Energy Limited (ASX:DSN) is pleased to report on its second RC drilling campaign on iron ore targets at its Camel Hills Joint Venture project located in the central mid-west region of Western Australia (Figure 1). These targets were generated as follow up to the successful maiden drilling campaign completed in December 2010.
Twenty-ones holes were drilled in the current program which was completed in July 2011; the targets are shown in Figure 2. The targets were generated from detailed aero-magnetic surveys, prospect scale mapping and sampling, and ground based magnetic and gravity surveys.
Due to the reconnaissance nature of the program most targets received only one or two holes. Those reporting significant magnetite iron mineralisation are reported in Table 1. Samples are being submitted for metallurgical test work to determine magnetite recoveries.