Ann: High-Grade Results at Boundary , page-2

AND AGAIN!!!!!!!!!!!

CONTINUING HIGH-GRADE IRON RESULTS AT
BOUNDARY PROSPECT
ON BEHALF OF THE BOARD OF DIRECTORS OF IRON ORE HOLDINGS LTD
Matt Rimes
Managing Director
Iron Ore Holdings Ltd (IOH) is pleased to continue the release of outstanding
assay results from its recent drilling campaign in the Central Pilbara region of
WA. Drilling on the Boundary Prospect located at Lamb Creek has returned
new high-grade iron results (Table 2).
The discovery of Brockman Iron mineralisation at Boundary Prospect was first
announced on 10 June 2009. Follow-up drilling was delayed to October to
allow focus on the outstanding deposit at Iron Valley where the JORCcompliant
mineral resource estimate now stands at 191Mt at 59% Fe (111.7Mt
Indicated and 79.8Mt Inferred).
The Boundary Prospect is contained within IOHs 100% owned Lamb Creek
Project and is located 20km to the west of BHP Billitons Yandi and 35km from
Rio Tintos Yandicoogina mining operations.
A reverse circulation (RC) drilling program of 22 holes was completed for a
total of 1,078m during November 2009 at the Boundary Prospect (Figure 3).
The drilling was designed to test for extensions to the previously announced
high-grade zone of iron mineralisation.
The Company anticipates further announcements during the early part of 2010
of JORC compliant DSO (Direct Shipping Ore) for Buckland Hills in the
Western Pilbara; and in the Central Pilbara at Koodaideri South and Lamb
Creek, as well as a potential increase in the already identified JORC Mineral
Resource at Iron Valley, where drilling will recommence in February.
IOHs total JORC resource currently stands at 253Mt (173.6Mt Indicated and
79.8 Inferred) and will be boosted by these upcoming JORC announcements