Iron Road Limited (ASX:IRD) Updates On Drilling At Central Eyre Iron Project
Perth, Mar 8, 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 second batch of 769 samples.
- Results remain consistent with those previously obtained for Boo-Loo prospect.
- RC rig has completed all pre-collars and demobilised. Diamond drill rigs making good progress at Dolphin.
- 833 samples at analytical laboratory for XRF analysis and DTR test work.
Progress for Period
----------------------------------------------------------Hole Type Metres Completed(m) Holes Completed(No.) PERIOD TO DATE PERIOD TO DATE----------------------------------------------------------RC(pre-collar) 648 3396 10 49Diamond 1313 6159 9 29----------------------------------------------------------
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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