Sydney - Tuesday - Sep 26: (RWE Australian Business News) -...

Sydney - Tuesday - Sep 26: (RWE Australian Business News) -
Midwest Corporation Ltd (ASX code: MIS) has identified additional
high-grade massive-style iron mineralisation in the Beebyn area of its
Weld Range Iron Ore Project, which forms part of a joint venture with
Sinosteel Corporation.
Midwest has completed 63 reverse circulation (RC) drillholes for
7990 metres to date at Weld Range.
Drilling commenced on the Beebyn area and has progressed
westward through the project leases.
Results from the initial exploration drilling at Beebyn returned
to date are "highly encouraging" and confirm the existence of extensive
hematite and hematite goethite zones with high-grade iron assays at
significant depths below surface outcropping hematite.
High-grade massive-style iron mineralisation in the Beebyn area
intersected to date includes 53m at 65.2% iron from 90m, 53m at 66.9%
iron from 112m, 64m at 62.9% iron from 58m, 70m at 63.0% iron from 70m,
62m at 62.3% iron from 60m and 64m at 64.5% iron from 104m.
The results are based on a cut-off grade of 57% iron and
represent down-hole lengths.