ASX Release 23 May 2008GRAVITY SURVEY IN PROGRESS TO DEFINE IRON...

ASX Release 23 May 2008
GRAVITY SURVEY IN PROGRESS TO DEFINE IRON ORE
TARGETS AT TELYAGEL, EAST PILBARA
HIGHLIGHTS
„h Gravity survey underway at Telyagel Iron Ore Project, 140km east of Port Hedland.
„h Targeting potential CID, DSO and magnetite iron ore deposits in close proximity to
excellent East Pilbara infrastructure.
„h Drill testing of resultant targets planned towards the end of 2008, subject to statutory
approvals and drill rig availability.
Diversified explorer Brumby Resources Limited (ASX: BMY ¡V ¡§Brumby¡¨) is pleased to announce a
detailed ground-based gravity survey is underway to better define a series of iron ore
exploration targets at its 100%-owned Telyagel Project, located approximately 140km east of Port
Hedland in Western Australia¡¦s East Pilbara region.
The Telyagel Project comprises two granted Exploration Licences (E45/2576 and E45/2577)
covering an area of 310km2 within the north-eastern section of Brumby's extensive East Pilbara
iron ore exploration portfolio (1,328km2). The Telyagel tenements lie 30 kilometres east of
Brumby's Pardoo East Project, where drilling is scheduled later this year, and 80 kilometres east of
the Company¡¦s Goldsworthy Project (see Figure 1).
The Telyagel and adjoining Pardoo East tenements are located in close proximity to the coast and
the excellent infrastructure of the East Pilbara region, including the BHPB Goldsworthy railway
line, coastal highway, gas pipeline, as well as several historic, current and emerging iron ore
mines.
Figure 1 - Pilbara Iron Ore Project Locations
Detailed aeromagnetic-radiometric surveys were flown by Brumby over the Telyagel tenements
during 2006/07. These surveys defined a large magnetic sequence of rocks below cover, as
shown in Figure 2 below:
Figure 2 - Telyagel Total Magnetic Intensity
The magnetic highs within the highly magnetic sequence are interpreted to represent potential
magnetite deposits associated with the regionally significant Nimingarra Iron Formation. This
extensive unit hosts historical, current and emerging iron ore deposits in the general Yarri,
Goldsworthy and Pardoo iron ore province.
The aeromagnetic data also highlighted several areas of possible channel patterns draining from
the magnetic sequence. These drainage patterns could represent potential Channel Iron Deposits
(CID) under cover.
Brumby has contracted Haines Surveys to complete the gravity survey over the north-western
section of the Telyagel tenements over the magnetic sequences and certain associated drainage
patterns to specifically identify potential CID's, Direct Shipping Ore (DSO) and magnetite iron ore
deposits.
Drill testing of resultant targets is planned towards the end of 2008 once the data has been
interpreted, subject to statutory approvals and drill rig availability.
Geoff M Jones
Managing Director
For further inquiries, contact:
Geoff Jones, Telephone: (08) 9486 8333
About Brumby
Brumby Resources Limited is a diversified Perth-based exploration and resources company with a multi-commodity
portfolio. Brumby listed on the Australian Securities Exchange (ASX) in 2006 and has made significant progress
with projects in commodities including manganese, iron ore, base metals and gold.
The Company has assembled extensive and high quality ground holdings in Western Australia and the Northern
Territory. Brumby¡¦s strategic approach is to refine targets, explore and evaluate the Company¡¦s projects in a cost
effective and timely manner, and to identify and develop new mineral deposits with the potential to significantly
enhance shareholder value.
Brumby is managed by a highly experienced team of mining individuals with expertise in mineral exploration,
development, financing and operations.
For further information please refer to our website www.brumbyresources.com.au or contact:
Mr Geoffrey M Jones Telephone: 61 8 9486 8333
Managing Director Facsimile: 61 8 9322 5123
Brumby Resources Limited
Unit 3 PO Box 231
49 Ord Street West Perth WA 6872
West Perth WA 6005
www.brumbyresources.com.au
ASX Code - BMY