First of all thanks Sandy for the heads up :-)I thought Id put...

First of all thanks Sandy for the heads up :-)

I thought Id put TRH's ann on 20/8/07 side by side with IRM's ann last week; the one that took it to 60.5c.

It should be noted that IRM has a diluted mkt cap of 108m shares. Refer to latest app 3b on 26/9. At 60.5c it had a mkt cap of $65.34m

TRH has a dilted mkt cap of 30m shares as Sandy has pointed out. It therefore has a current mkt cap od $12m.

Now have a look at the following two announcements and you be the judge of the one that looks the more impressive........

Also it is noted in the ann that at their muldoon prospect, the assay results compare favourably with that of Portman Mining’s published resource grades for the Koolyanobbing Project of 61.9% Fe, 2.4% Si02,
1.0% Al203, 0.11% P and 6.9% LOI.

Portman mining is right next door. Portman has a current mkt cap of over $2 billion.

Oh...theres another ann made by TRH on 21/9/07 titled "target areas for iron mineralisation expanded". That's worth a good read too.


FURTHER SIGNIFICANT
IRON ORE RESULTS
Highlights
A further 128 rock chip assays received
grading up to 66.8% Fe
Four prospect areas established within
Transit’s Copper Bore/Johnston Range
tenements to date.
Field activities in full-swing with a
dedicated exploration team employed.
Overview
Transit Holdings Ltd (“Transit”) is pleased to
announce further significant results from its
ongoing iron ore exploration programme.
Work continues in the Copper Bore (earning 57%)
and Johnston Range (100%) tenements, identifying
direct shipping iron ore targets for the inaugural
drilling programme scheduled for late 2007.
To date 281 rock chip samples have been taken
identifying four prospects (figure 1):
Muldoon Prospect (E77/1281 – 100% Transit)
Rowling Prospect (E77/1375 – Transit earning 57%)
Bolger Prospect (E77/1280 – 100% Transit)
Holyoake Prospect (E77/1280 – 100% Transit)
Assays received from the Muldoon and Rowling
Prospects both display high-grade
haematite/goethite mineralisation.
The Muldoon Prospect in particular displays
consistent high-grade assays for outcropping
haematite/goethite over a 2.5km trend grading up
to 66.8% Fe.
In addition, a further 123 assays are pending from
the Muldoon, and recently discovered Bolger and
Holyoake Prospects.
Iron Ore Exploration
Field exploration activities are now in full swing,
with a dedicated team currently conducting
evaluation of Transit’s tenements.
Work currently comprises of mapping and sampling
outcropping haematite/goethite mineralization
located on the extensive Banded Iron Formation
units within Transit’s tenements.
With an initial focus on the Copper Bore and
Johnston Range tenements, to date four prospects
have been discovered.
Located outside the proposed Mount Manning Reserve
Extension, targets are currently being generated for
an inaugural drilling programme scheduled for late
2007.
Muldoon Prospect (E77/1281 – 100% Transit)
• Haematite / goethite mineralisation outcropping
over a 2.5km trend.
• Assays to date from outcropping mineralisation
are consistently high-grade, with over 50 of the118
assays averaging 63.44% Fe and acceptable levels
of impurities.
Cut-Off # Assays Fe (%) SiO2 (%) Al2O3 (%) P (%) S (%) LOI
0% Fe 118 60.00 6 .68 2 .07 0.067 0.063 4.87
55% Fe 107 61.60 4 .46 1 .98 0.067 0.011 4.92
62% Fe 50 63.44 3 .17 1 .56 0.062 0.009 4.04
Muldoon Prospect Rock Chip Sample Assays
These assays compare favourably to Portman
Mining’s published resource grades for the
Koolyanobbing Project of 61.9% Fe, 2.4% Si02,
1.0% Al203, 0.11% P and 6.9% LOI.
• Significant existing grid lines from previous gold
explorers will aid future drilling access.
• In addition to assays received, there are still a
further 42 assays outstanding.
FIELD ACTIVITIES NOW IN
FULL SWING
4 PROSPECTS DISCOVERED TO
DATE
MULDOON PROSPECT –
MINERALISATION OVER 2.5KM
TREND
ASSAYS INDICATE HIGH
GRADE – LOW IMPURITIES
FROM SURFACE SAMPLING
Rowling Prospect (E77/1375 – earning 57%)
Haematite / goethite mineralisation outcropping
over a 1.5km trend.
Significant existing gridlines from previous
exploration activity will aid future drilling access.
40 assay results from samples taken indicate
presence of economic mineralisation, with
acceptable levels of impurities.
Cut-Off # Assays Fe (%) SiO2 (%) Al2O3 (%) P (%) S (%) LOI
0% Fe 40 51.85 1 5.37 2 .25 0.090 0.048 7.60
55% Fe 21 58.68 5 .19 2 .29 0.080 0.053 8.09
60% Fe 6 61.75 2 .89 1 .79 0.073 0.056 6.55
Rowling Prospect Rock Chip Sample Assays
Bolger Prospect (E77/1280 – 100% Transit)
Two zones in the vicinity of the Diemals
anticline display haematite / goethite
mineralisation.
The Western-most zone appears to be
associated with a significant regional fault.
The Central-most zone appears to be associated
with a regional fold hinge.
Pending assays are expected in the upcoming
weeks.
Holyoake Prospect (E77/1280) – 100% Transit)
650m discontinuous zone of haematite /
goethite mineralisation.
Only one of six BIFs investigated – scope for
further discoveries.
Pending assays are expected in the upcoming
weeks.
ROWLING PROSPECT –
MINERALISATION OVER 1.5KM
TREND
BOLGER AND HOLYOAKE
PROSPECTS – NEW
DISCOVERIES
EVALUATION CONTINUES,
SCOPE FOR FURTHER
DISCOVERIES




High grade iron mineralisation : Mount Richardson : WA
• Sampling at Mt Richardson in August, 2007 located zones of high grade
haematite mineralisation .
• Follow-up sampling in September, 2007 defined a total of 8.8km of
mineralised strike length comprising:
a 2km long high grade haematite zone at the Iron Mountain
prospect.
a 2.8km long medium grade haematite zone at the Mt Alfred
prospect.
a 4km long medium grade haematite–goethite zone at the Brooking
prospect.
• First pass RAB drilling due to commence in mid October.
Iron Mountain Mining Ltd (ASX code : IRM) (Iron Mountain) is pleased to announce
that rock chip sampling at its wholly owned Mt Richardson iron project, 120 Km West of
Leanora, in Western Australia has been completed and all assay results received. Results
are detailed in Table 1.
Three zones of iron mineralisation have been defined within a sequence of Banded Iron
Formation (BIF) and ferruginous sediments. At the Iron Mountain Prospect rock chip
samples averaged 61.3% Iron (Fe) over two kilometers of strike, at the Mt Alfred
Prospect rock chip samples averaged 58.5% Fe over 2.8km of strike. Within the Brooking
Prospect mineralisation was traced over a 4km strike with rock chip samples averaging
59.14% Fe. The zones vary in width from 5 to 30m with an average in the order of 20m.
The location of samples and the prospect areas are shown in Figure 1.
The company is awaiting statutory approval from the Department of Industry and
Resources in order to undertake a RAB drilling program to test the down dip continuity
and grade of the iron mineralisation. The drilling program is expected to start on
Wednesday 17 October.