BOUNDARY ZONE – DRILLING RESULTS ‐ RAILWAY DEPOSIT During the quarter, drilling continued in the Boundary Zone with highly significant assay results having been received and released to the market (see ASX releases dated 25th June and 14th July 2009). The latest assay results, holes UI 842 and UI 843, have returned the thickest and best intersections to date for the whole Railway Deposit, giving 180m at 62.5% Fe from 38m and 182m at 62.04% Fe from 38m respectively. The Boundary Zone is a 400m long by 300m wide zone of east‐west striking mineralisation that extends the DSO Marra Mamba mineralisation at the Railway Deposit all the way to the BHP Billiton joint venture boundary.
UMC Price at posting:
95.5¢ Sentiment: Hold Disclosure: Held