Iron Ore Holdings Ltd ACN 107 492 517 Level 14, BGC Centre, 28 The Esplanade, Perth, WA, 6000 PO Box Z5641, St Georges Terrace, Perth, WA, 6831 Tel: +61 8 9321 6999 Fax: +61 8 9321 0322 Email: [email protected] ASX Release ASX Code: IOH 07 December 2005 Field Mapping Results from North Marillana Extension, Weeli Wolli and Yandicoogina Creek Main Branch East Targets. Identification of 212 to 586 Million Tonne Channel Iron Deposit Target on North Marillana Property Further to the Company’s ASX release on the 14th November 2005 with respect to the Lamb Creek tenement, Iron Ore Holdings Ltd now has sufficient results to hand to report on the outcomes of field geological mapping programmes at the North Marillana and Yandicoogina Creek properties. Mapping has been concentrated on the largest and most prospective channel iron deposit targets. North Marillana Extension Target The Extension and Weeli Wolli targets were mapped and sampled at 1:1000 scale. Around 19 square kilometers were mapped at Extension and some 9 square kilometers at Weeli Wolli. In all, 146 grab and chip samples were collected from outcrops at the two targets with the great majority coming from the Extension target. As with most deposits of this type, the units are relatively flat lying and as they are exposed in much of the Extension target area, it has therefore proved possible in accordance with the JORC Code to estimate the size of the exploration target that may be present. The estimates for the two main material types at the North Marillana Extension target are as follows: Channel Iron Deposit Canga Minimum Maximum Minimum Maximum tonnes x 106 tonnes x 106 tonnes x 106 tonnes x 106 212.0 586.0 4.2 10.5 The exploration target tonnages given in this announcement for the Extension target and for the Main Branch East target considered later can not be considered as constituting Resources or Reserves as defined in the JORC Code. The potential quantity of material of the exploration targets is conceptual in nature as there has been insufficient exploration to date to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. The planned drilling programme will have the primary purpose of quantifying the resource at North Marillana, Yandicoogina Creek and Lamb Creek.
IOH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
