Midwest identifies more high-grade iron at Weld Range 11:04, Tuesday, 26 September 2006
Sydney - Tuesday - Sep 26: (RWE Australian Business News) - Midwest Corporation Ltd (ASX code: MIS) has identified additional high-grade massive-style iron mineralisation in the Beebyn area of its Weld Range Iron Ore Project, which forms part of a joint venture with Sinosteel Corporation. Midwest has completed 63 reverse circulation (RC) drillholes for 7990 metres to date at Weld Range. Drilling commenced on the Beebyn area and has progressed westward through the project leases. Results from the initial exploration drilling at Beebyn returned to date are "highly encouraging" and confirm the existence of extensive hematite and hematite goethite zones with high-grade iron assays at significant depths below surface outcropping hematite. High-grade massive-style iron mineralisation in the Beebyn area intersected to date includes 53m at 65.2% iron from 90m, 53m at 66.9% iron from 112m, 64m at 62.9% iron from 58m, 70m at 63.0% iron from 70m, 62m at 62.3% iron from 60m and 64m at 64.5% iron from 104m. The results are based on a cut-off grade of 57% iron and represent down-hole lengths.
http://www.midwestcorp.com.au
Joint Infrastructure Feasibility Announcement in July:
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.