Here's another one to watch JMS - this article came from...

Here's another one to watch JMS - this article came from belldirect. Notice the proximity of Brockmans to FMG
One stock that has popped up this week is the small explorer Jupiter Mines (JMS) which has received encouraging iron assay results.

It emerged from a program of follow-up mapping and sampling of a group of previously identified rock chip anomalies at the Mt Ida prospect, Central Yilgarn iron project in Western Australia.

Jupiter completed a two-week mapping and sampling program in January, during which a total of 119 samples were collected.

The program has highlighted the presence of hematite mineralisation associated with the Banded Iron Formation (BIF) horizons within the targeted zones, with iron grades of up to 65.7pc achieved.

Now the FE of 65.7 is good exportable material.

Earlier in the month the company released encouraging initial results from RC drilling at the Brockman project including: 7m @ 59.4pc Fe (62.9pc CaFe) from surface, 7m @ 56.5pc Fe (62.8pc CaFe) from surface, 5m @ 55.7pc Fe (60.7pc CaFe) from surface, 7m @ 56.9pc Fe (60.2pc CaFe) from surface and 9m @ 56.3pc Fe (59.0pc CaFe) from surface.

The initial drilling program completed was at its wholly owned Brockman iron project, located 60km west of Tom Price in the Pilbara region.

The Brockman iron project is well located with respect to regional mining infrastructure, with the western boundary of the Brockman tenements adjoining Rio Tinto's Brockman 3 iron ore operations and located near Fortescue Metal Group's Pilbara field camp.

Jupiter completed a preliminary two-week drilling program in November, which was designed to test iron mineralisation detected from previous surface rock chip sampling.

The program comprised 33 RC vertical holes totalling 990 metres, which were drilled in a series of seven traverses approximately 200 metres apart, orientated along the dip of the local geology.

The best intersection was in hole BRC005, which returned 7 metres @ 59.4pc Fe (62.9pc calcined Fe or CaFe).

In light of the encouraging results from this preliminary program, Jupiter has lodged an application for prospecting Licence PLA47/1314, which abuts the Brockman iron project tenement.

Areas have been identified on this tenement that warrant follow-up exploration through field-based activities including mapping and rock chip sampling.

The company's broader exploration strategy at the Brockman iron project will be reviewed once an initial program of field activities has been completed on the new prospecting licence, and in conjunction with its other exploration priorities at its Central Yilgarn iron ore project.

The Brockman iron project represents a strategic exploration opportunity for Jupiter within a world-class iron ore mining region, says chief executive officer, Greg Durack.