Iron Road Limited (ASX:IRD) Drilling Programme Update On Central Eyre Iron Project, Warramboo 2010
Perth, Feb 22, 2010 AEST (ABN Newswire) - Iron Road Limited (
ASX:IRD) is pleased to advise that drilling at the Company's wholly owned Central Eyre Iron Project continues to proceed to plan. The Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss*. The current programme encompasses resource expansion drilling to increase an existing JORC compliant inferred resource estimate of 110Mt at the Boo-Loo prospect located within the Warramboo Project area.
* Coffey Mining
(Iron Road Limited ASX announcement 01 September 2009).
Summary
- Assays and DTR test work received for first batch of 840 samples.
- Results are consistent with those previously obtained for Boo-Loo prospect.
- RC rig completing final pre-collars. Diamond drilling making good progress.
- 769 samples at analytical laboratory for XRF analysis and DTR test work.
Progress for PeriodHole Type Metres Completed (m) Holes Completed (No.)------------------------------------------------------------ PERIOD TO DATE PERIOD TO DATE------------------------------------------------------------RC (pre-collar) 582 2748 11 37Diamond 1880 4847 7 20------------------------------------------------------------
Contact
Andrew Stocks
Managing Director
Iron Road Limited
Tel: +61-8-9200-6020
Mob: +61-403-226-748
Email: astocks@ironroadlimited.com.au
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