Summary • 19 RC holes were drilled for a total of 2,650 metres at a nominal grid spacing of 100 metres in late March 2007. • Assay results recently received and compiled by the Company indicate the presence of massive Fe mineralisation with individual grades of up to 69% Fe with the highest average grade being 66.8% Fe for 34 metres. • Drilling also indicates the presence of significant cumulative thicknesses of high grade mineralisation with the best result being 108 metres @ 62.17% Fe. • Cumulative thicknesses of between 26 metres and 108 metres of +60% Fe mineralisation were intersected in 13 RC drill holes. • Drilling indicates that the high grade mineralisation remains open to the north and west.
SRK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
