resource upgrade significant intercepts bowerb

Resource Upgrade & Significant Intercepts Bowerbird
South

Golden West Resources Limited (GWR:ASX) is pleased to advise that
Snowden Mining Industry Consultants have completed an updated
Interim Resource Estimate for the C4 deposit at the Wiluna West Iron
Project.
The Inferred Mineral Resource for C4 now stands at 28.9 M T @ 59 %
Iron. This lifts the global Inferred Mineral Resource at Wiluna West to
124MT @ 59% Fe (Table 1)
Table 1
Wiluna West
Inferred Hematite Mineral Resource
August 2008
Reported above a 50% Fe cut-off
DEPOSIT TONNES FE P AL2O3 SIO2 LOI
(Mt) (%) (%) (%) (%) (%)
BOWERBIRD NTH 3.9 59.6 0.04 3.8 6.6 2.6
BOWERBIRD CENT 11.8 58.5 0.06 3.5 9.3 2.7
JOYNERS FIND 4.6 64.9 0.02 1.9 2.8 2.0
JINDALEEJOYNERS
NTH 6.9 59.9 0.04 2.6 7.4 2.3
JINDALEE
JOYNERS 2.3 62.2 0.02 2.9 5.4 1.9
C1 4.2 58.5 0.09 3.3 7.2 5.2
C2 3.4 60.1 0.03 2.1 6.0 6.0
C3 41.0 57.6 0.08 2.5 9.9 5.0
C4 28.9 58.9 0.04 2.2 10.8 2.5
C5 4.4 59.1 0.12 2.1 8.9 3.8
CR 4.0 60.6 0.03 1.4 9.3 1.7
Bowerbird South 8.4 56.6 0.04 3.7 11.6 3.1
TOTAL 123.8 58.7 0.06 2.6 9.3 3.6
Notes:
Jindalee Joyners Nth deposit GWR 80% Jindalee Resources Limited 20%
Jindalee Joyners deposit GWR 80% Jindalee Resources Limited 20%
GWR notes that this increase represents an interim upgrade of iron ore resources at the Wiluna West Iron
Ore Project only. A further anticipated upgrade of the Bowerbird South resource has been delayed due to a
large backlog of samples (8200) currently at the laboratory, with turn around times now slipping out to
approximately 12 weeks. GWR understands that this situation is common to many iron ore explorers at
present due to a large backlog of samples at most reputable assay laboratories.
GWR has recently however received a number of high grade significant intercepts from Bowerbird South
which demonstrate the significant potential of the deposit, Significant intersections from the drilling at
Bowerbird South include (as tabulated in Table 2);
WWRC2257 14M @ 66.7% Fe from 86m
WWRC1279 18M @ 62.8% Fe from 25m
WWRC2258 19M @ 64.9% Fe from 155m
Table 2
Significant RC Intercepts
Bowerbird South
Prospect Hole ID Northing Easting Az/Dip From To Intercept Fe% SiO2% Al2O3% P% LOI%
(M) (M) (M) (%) (%) (%) (%) (%)
Bowerbird Sth WWRC2257 7040200 794450 90/-60 35 39 4 62.02 7.84 1.84 0.015 1.38
Bowerbird Sth 12 30 18 61.62 4.72 3.97 0.028 2.80
Bowerbird Sth 86 100 14 66.67 1.96 1.37 0.048 0.97
Bowerbird Sth WWRC1279 7040200 794490 90/-60 25 43 18 62.76 4.66 3.51 0.027 1.69
Bowerbird Sth WWRC2258 7040200 794410 90/-60 14 20 6 59.50 6.85 4.64 0.043 2.87
Bowerbird Sth 155 174 19 64.93 3.88 1.56 0.071 1.39
MGA Zone 50
Notes:
1) Interval Top Cut 99.999 % Fe, Interval Bottom Cut: 60 % Fe, Maximum Internal Dilution 2m, Individual Assay Fe Average
55 %.
2) All assays by XRF at Ultratrace Laboratories Perth
GWR anticipates a further increase in resources at Bowerbird South subject to the receipt of outstanding
assay results and the incorporation of the data into the resource model.
Wiluna West is currently the second largest direct shipping ore hematite resource in the emerging Mid-West
iron ore province of Western Australia, ranking only behind the reported hematite resource at Midwest
Corporation Limited’s Weld Range iron ore project1.
ENDS
The information in this Public Report that relates to Mineral Resources is based on, and accurately reflects, the information compiled
by Mr Paul Blackney of Snowden Mining Industry Consultants. Mr Blackney is a member of the Australian Institute of Mining and
Metallurgy. Mr Blackney has sufficient experience that is relevant to the style of mineralisation and type of deposit under
consideration and to the resource activities undertaken to qualify as a Competent Person as defined in the 2004 edition of the
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Blackney consents to the
inclusion in this report of the matters based on the information in the form and context in which it appears.
The information in this Public Report that relates to Mineral Resources is based on, and accurately reflects, the information compiled
by Ms Marlene Kelly Exploration Manager for Golden West Resources Limited. Ms Kelly is a member of the Australian Institute of
Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and
to the activities undertaken to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves. Ms Kelly consents to the inclusion in this report of the matters based
on the information in the form and context in which it appears
1 (Refer Midwest Corporation’s ASX announcement dated 12 May 2008, estimating total Measured, Indicated and Inferred DSO resources of 149.2Mt
@ 58.4% Fe for the Weld Range Project)