FerrAus Limited (ASX:FRS) Mirrin Mirrin Results Increases Resource Total To 316 Million Tonnes
Perth, Aug 5, 2010 AEST (ABN Newswire) - FerrAus Limited (
ASX:FRS) (PINK:FRRAF) today announced that the resource total for the FerrAus Pilbara Project has now reached 316.4 million tonnes, mainly as a result of the doubling of the +55% Fe inferred resource at the Mirrin Mirrin Prospect, within the Davidson Creek Area.
As part of the overall Project the importance of the Mirrin Mirrin Prospect continues to increase due to its:
- proximity to the proposed access corridor for transport infrastructure;
- location near the proposed Davidson Creek train load out facility; and
- low alumina ore type contained in a deposit that has an average thickness of 35-40 metres with structural thickening to the north.
Final results from the exploration holes, drilled outside the previously defined resource area during May 2010, indicate that mineralisation is continuous along strike and down dip to the north.
Importantly, drill hole results from lines 237800 East, 238000 East and 238200 East indicate that mineralisation, which is still open to the North, is both thickening and flattening. Holes DCRC 0930, DCRC 0931 and DCRC 0932 are the last holes drilled on those respective lines and all exhibit thick, high grade zones of mineralisation.
The additional results with a greater than 55% Fe content cut-off, includes the best drill hole result of a 72 metre intersection at 59.14% Fe (from DCRC 0932). Additional RC and core drilling is planned for September 2010.
For the complete FerrAus announcement and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/63478-ASX-FRS-500692.pdf
Contact
Investor / Media Contact:
Gareth Widger
FerrAus Limited
Mob: +61-419-918-272
www.ferraus.com.au
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