high calcined iron ore results inc 66.5 pcent

The Calcined Fe calculations show the drilling results announced today have high iron ore in some good widths.
I ran a calculator over the progress report to see what the Ca Fe was (Ca Fe is worked out using the following mathematical formula.....
(Fe% x 100%) / (100-LOI%)

Hole 20 had 20m from 3m depth for 64.41% CaFe
Hole 21 had 24m with 17m of it having an impressive 65.18% CaFe
hole 22 66.56%
hole 23 had intercepts of 29m length, 63.25% Ca Fe for 17m of it.
see the media release for the other figures that relate to lengths in each hole but there were additional lengths of 12m,19m and 24m that had 64% to nearly 66% CaFe which is excellent compared to peers.
Lengths are good also. ( eg, hole 25 had intercept of iron ore of 32m out of the 60m depth.

good lengths, high Ca Fe, at shallow depths. jorc resource looked forward to to get an idea what the resource is worth for Gondwana's share of it.

great news on an otherwise quite day with only 99,000 shares bought/sold . The drilling at Mt Caudan is costing Gondwana nothing as Cazaly are earning 80%. Looks like Mt Caudan Iron Ore project is shaping into a nice initial project for Gondwana as a back up for the exciting iron-ore drilling soon to start in the Corunna Downs tenement in the Pilbara that Gondwana holds 100%.