Perth, Feb 17, 2009 AEST (ABN Newswire) - Pilbara explorer, Warwick Resources Limited (ASX:WRK) today announced further high grade results from RC drilling on its 100% owned Jimblebar Range iron ore project near Newman. Jimblebar Range is located only 8km from BHP Billiton's large Jimblebar iron ore mine and railway.
These results follow the recent announcement of successful drilling results at the Company's Woggaginna and Western Creek iron ore projects.
This latest batch of strong drilling results also follows the announcement, on 9 September 2008, of an initial Inferred Mineral Resource of 11.7Mt @ 57.6% Fe (at 50% Fe cut off) for the project and the subsequent announcements of positive drilling results, including:
- 30m @ 57.4% Fe (WRKRC198), highlighting the open ended potential at the north eastern end of the deposit (ASX announcement 1 October 2008), and
- 62.5m @ 61.2% Fe (WRKDD004) and 22.9m @ 59.7% Fe (WRKDD005) from infill diamond drilling (ASX announcement 28 Jan 2009).
Warwick Resources' Managing Director Bruce McQuitty said that the drilling results were further confirmation of the quality of the Jimblebar Range iron ore deposit.
"These are an excellent set of results which emphasise the key characteristics of the Jimblebar Range deposit; broad zones of high quality DSO close to surface and close to existing infrastructure."
"It is pleasing to back up the recent exploration success at our Woggaginna, Western Creek and Caramulla South iron ore projects with further strong results from Jimblebar Range", Mr McQuitty said.
The latest results from Jimblebar Range relate to a drilling programme undertaken in November 2008, comprising 15 RC drill holes for a total of 1,079m.
Highlights of the drilling include:
- The discovery of a northeast extension to the deposit with an area of approximately 16,000m2, with mineralisation remaining open to the northeast;
- Confirmation of the continuity of high grade iron mineralisation in the central part of the northern zone with excellent results from drill holes WRKRC265-268; and
- Confirmation of the low alumina and low to moderate phosphorous levels of the deposit, underlining the potential for direct shipping ore (DSO).
Results were also received from 11 short RC holes totalling 105m which targeted potential extensions to mineralisation at the Company's Jimblebar channel iron (CID) prospect. No significant results were obtained from the drilling which has effectively closed off the 1km strike length of iron mineralisation (>50% Fe) outlined by earlier drill programmes.
The Company intends to complete a resource upgrade at Jimblebar Range during March-April 2009.
Contact
Bruce McQuitty
Warwick Resources Limited
TEL: +61-8-9227-6680
MOB: +61-409-929-121
Email: bmcquitty@warwickresources.com.au
Website: www.warwickresources.com.au
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