90c looks likes a lift off :)
was bargain buying at 85c...
ASX Release 25 June 2009 ASX Code: UMC
NEW ASSAY RESULTS CONFIRM EXTENSIVE HIGH GRADE
IRON ORE MINERALISATION AT RAILWAY BOUNDARY ZONE
At the time of reporting (ASX 17 April 2009), the 122 m of bedded mineralisation in hole UI 767
represented the widest zone of bedded mineralisation known at the Railway Deposit. Outstanding in the new
data is drill hole UI831 which has intersected 136 m of high-grade bedded mineralisation grading 62.7
% Fe from 54 m depth, emphasising a significant thickening of this mineralisation in the south-eastern
section of the Railway Deposit. Further drilling is required between holes UI 831 and UI 605 to complete the
section.
Further and even more significant visual iron mineralisation was reported from the RC holes east of the
Section Line 674175 (see ASX release 14 May 2009). Additional assays are expected shortly and will be
reported when received and assessed
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