Iron Road Limited (ASX:IRD) Updates On Central Eyre Iron Project 2010 Drilling Programme
Perth, Oct 13, 2010 AEST (ABN Newswire) - Iron Road Limited (
ASX:IRD) is pleased to advise that Stage V drilling at the Central Eyre Iron Project (CEIP) continues to proceed to plan.
CEIP Summary
- Three diamond rigs and one RC rig drilling at the Murphy South target area.
- On track to confirm a mineral resource estimate of considerable size and tonnage at Murphy South.
Progress to date
----------------------------------------------------------Hole Type Metres Completed (m) Holes Completed (No.)----------------------------------------------------------RC (pre-collar) 3,759 56----------------------------------------------------------Diamond 9,312 26----------------------------------------------------------
The exploration target for Murphy South, across the 10 traverses designed for the Stage V drilling programme, is 400-800Mt magnetite gneiss.
The cross-sections presented below and marked A, B and C, have been completed at Murphy South and are awaiting assays. Geology and surface area calculations do not include the entire near surface oxide component (drilled by RC rig). Sections 561540mE and 562340mE are in progress and near completion. The geology intersected in all traverses thus far is consistent with expectations. Note that drill hole traces are design and have not yet been corrected for deviation.
For the complete Iron Road announcement including figures, please view the following link:
http://www.abnnewswire.net/media/en/docs/63941-ASX-IRD-509236.pdf
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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