Tonight SMH:Yilgarn Mining shares jumpAugust 30, 2007 -...

Tonight SMH:

Yilgarn Mining shares jump

August 30, 2007 - 8:09PM

Yilgarn Mining Ltd has a bold exploration target at its Marillana iron ore project in Western Australia's Pilbara region after receiving encouraging drilling results.

The company aims to confirm an iron ore mineralisation potential of at least 100 million tonnes through expanded drilling programs over the next 12 months.

Most drilling to date has focused on a zone called the north-west sector.

Yilgarn, which recently appointed managing director Wayne Richards, said an initial resource for this area was scheduled to be completed by October.

Before taking the helm at Yilgarn, Mr Richards was the project integration and commissioning leader for BHP Billiton's iron ore division.

At the company's annual general meeting in November, shareholders will vote on a name change to Brockman Resources Ltd.

Yilgarn shares closed 15 cents, or 27.78 per cent higher, at 69 cents on Thursday.