Housing, Mining, Girlfriends and Pubs, It's relevant to all of them but none more that mining.
Fosters 20th May
"Exploration drilling at Maitland river is currently underway with positive results expected for a new Magnetite discovery. IOH indicate the potential for a new Magnetite deposit to be discovered that is close to surface, billion-plus tonne potential and, located only 40kms from the proposed Anketell port."
IOH Presentation June
24 holes drilled for 6000 meters
5km long strike with outcropping at surface
Assaying underway with maiden resouce due Q3 2011
Concept study, Metallurgical programe being scoped
Commercialise or seperate company
Prior to this we had 2 holes drilled wih one on the end boundary hitting ore from 96-348 meters at 50%
If it's real and for Fosters to publicly report it, we have to assume it is, this must revalue the company.
The question it raises is why wasn't this posted on the website earlier. I'm sure it wasn't there prior to the june presentation...?
Housing, Mining, Girlfriends and Pubs, It's relevant to all of...
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