This is a very important announcment by HAW mid last year and is only growing stronger by the day....In particular the resource of Mt Mason extending into Mt Bevan as stated by JMS and the fact that JMS want to amalgamate the entire tenements into a JV..Great for HAW
20 July 2009
Mt Bevan Iron Ore Project Update Central Yilgarn, Western Australia
In response to investor and shareholder enquiries about recent publications and
media commentary attributed to Jupiter Mines Limited (Jupiter) and
Pallinghurst plc (Pallinghurst), who hold a controlling interest in Jupiter, with
regards to the Central Yilgarn Iron Ore District and in particular Hawthorns
highly prospective Mt Bevan Iron Ore Project, the company makes the following
comments.
Hawthorns Mt Bevan Iron Ore project lies immediately to the north and along
strike of Jupiter Mines Mt Mason Iron Ore Resource (5.75 Mt @ 59.9% Fe), in
the Central Yilgarn of Western Australia. Exploration to date by Hawthorn has
confirmed that the Mt Mason resource extends into the southernmost portion of
the companys Mt Bevan tenement package. Recent drilling by Hawthorn has
identified further prospective haematite approximately 6.0 kilometres north of Mt
Mason, while active exploration of several prospective horizons within the
remaining 20 kilometres of strike length is ongoing.
The following comments made by or attributed to Jupiter and Pallinghurst
include:
results to date have shown that the outcrop of high-grade hematite at
Mt Mason is a surface expression of a mineralised iron system that
extends well to the north and into the neighbouring tenement known
as Mt Bevan
(miningmx.com) October 22, 2008
Our vision is to build an Australian Steel Feed Company (SFC) via a
strategy incorporating:
Consolidation and development of small, fragmented, early stage,
iron ore (IO) companies and projects in the Central Yilgarn area of
Western Australia (CYIOP)
JMS aims to consolidate prospective iron ore tenements at Mount
Mason, Mount Alfred, Mount Bevan (Hawthorn Resources) and
Mount Forrest (Mindax) into a single ownership or joint venture
structure.
(Pallinghurst plc website March 2009)
http://www.pallinghurst.com/investments/steel-feed.html
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