ann: significant iron ore discovery, page-7

And excellent management at that....
From today's announcment.....
an extract....
The Canegrass Iron Ore – Vanadium Prospect is part of the
extensive Windimurra layered magnetite gabbro complex
and lies immediately west of the Windimurra Vanadium
Project — owned by Windimurra Vanadium Limited, Figure 1.
Maximus reported the vanadium-rich iron ore potential of
the Windimurra Complex in an announcement dated 27
September 2007. Maximus’ quickly moved to carry out a
reconnaissance reverse circulation (RC) drilling program
in November and December 2007 which proved that the
area of interest is underlain by widespread vanadiferous
magnetite-bearing gabbro. A best intersection of 16 metres
from 8 metres down hole at 44% iron and 1.2% vanadium
pentoxide was returned in drillhole MNRC16 (Figure 2A).
In order to decide which areas to focus on within the
Canegrass zone, it was decided to significantly upgrade
the quality of the geophysical database. Since the target
mineral magnetite is both magnetic and dense, modern
high resolution surveys have the potential to help locate
the main areas of interest and result in a more cost-effective
exploration program.