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ASX RELEASE
DRILLING RESULTS FOR STAGE 1 DEVELOPMENT
During June 2005 Murchison Metals Ltd (“Company”) completed the first phase of drilling at the Jack Hills Project.
Drilling achieved 5,445 metres advance in 58 drill-holes covering all planned targets. Results of all samples submitted during the drill programme have been received. Analysis of the results indicates that some additional samples will need to be collected to ensure margins of the mineralisation have been adequately defined. There is a possibility that reported intersection widths may increase with further sampling.
The results from drill holes MHRC001 to MHRC026 have been previously reported. Results for drill holes MHRC027 to MHRC058 are tabulated below.
All reported results are from Targets 2, 3 and 4. Due to drilling conditions several drill-holes terminated in mineralisation and these have been marked with an “*” in the accompanying tables.
Significant intersections from recent drilling include:
MHRC028 14m @ 63.0 %Fe
MHRC033 24m @ 61.2 %Fe*
MHRC034 26m @ 64.9 %Fe
MHRC039 50m @ 65.6 %Fe
MHRC040 52m @ 63.8 %Fe
MHRC043 26m @ 62.4 %Fe
MHRC045 26m @ 63.8 %Fe
MHRC049 24m @ 65.1 %Fe
MHRC052 22m @ 65.3 %Fe*
MHRC055 22m @ 64.2 %Fe*
Note “*” = Drill hole terminated before planned depth.
Details of complete drill-hole locations and intersections follow.
2
All samples have been collected from Reverse Circulation drilling using a face sampling hammer. Samples for analysis have been collected as a two metre composite and submitted to Ultra Trace laboratories for preparation and analysis. Sample preparation consisted of crushing the entire sample of 6kg to -3mm, splitting to 3kg, pulverising a selection of 300+ grams from which the material for the XRF fusion disc is selected. The analysis is completed using X-Ray Fluorescence Spectrometry. The drill collar positions have been surveyed by MHR Surveyors.
Mt Hale Drilling Summary – MHRC027 – MHRC058
Hole
Depth
From
To
Width
% Fe
m
m
m
m
MHRC027
60
24
36
12
61.4
MHRC028
50
24
28
4
53.1
34
48
14
63.0
MHRC029
100
82
86
4
58.7
MHRC030*
140
10
34
24
57.9
64
68
4
60.9
134
140
6
59.3
MHRC031
80
18
54
36
58.3
Including
30
40
10
60.5
Including
46
54
8
61.4
64
72
8
58.8
MHRC032
102
22
42
20
59.9
MHRC033*
40
16
40
24
61.2
MHRC034
100
0
2
2
61.2
40
66
26
64.9
MHRC035
131
26
32
6
52.3
36
44
8
51.9
MHRC036
90
No Significant Intersection
MHRC037
100
2
8
6
56.4
76
88
12
59.0
Including
78
86
8
60.8
MHRC038
122
4
12
8
57.2
32
38
6
62.7
76
80
4
61.5
MHRC039
150
8
58
50
65.6
112
116
4
54.9
MHRC040
90
6
58
52
63.8
MHRC041
110
No Significant Intersection
MHRC042*
80
56
72
16
59.9
76
80
4
61.5
MHRC043
120
80
106
26
62.4
MHRC044
120
22
28
6
59.8
MHRC045
130
2
10
8
50.9
30
56
26
63.8
MHRC046
120
86
90
4
57.4
MHRC047
130
No Significant Intersection
MHRC048
90
58
62
4
66.3
74
82
8
64.3
MHRC049
70
28
52
24
65.1
MHRC050
80
No Significant Intersection C:\COMPANY SHARE\MURCHISON METALS\17 COMPANY SECRETARIAL\02 ASX ANNOUNCEMENTS\MMX ASX ANNOUNCEMENT #17 - DRILLING RESULTS FOR STAGE 1 DEVELOPMENT.DOC
3
MHRC051
100
58
60
2
65.3
MHRC052*
60
28
50
22
65.3
50
58
8
To be Sampled
58
60
2
65.31
MHRC053
100
No Significant Intersection
MHRC054
130
No Significant Intersection
MHRC055*
70
48
70
22
64.2
MHRC056
100
No Significant Intersection
MHRC057
126
No Significant Intersection
MHRC058
129
No Significant Intersection
Note * = Drill hole ended in mineralisation.
Yours sincerely
ROB VAGNONI
MANAGING DIRECTOR
MURCHISON METALS LTD
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Bernhard Neehoff, who is a Member of The Australasian Institute of Mining and Metallurgy.
Bernhard Neehoff is employed by Neehoff Geological Services Pty Ltd. Bernhard Neehoff has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Bernhard Neehoff consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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