Iron Road Limited (ASX:IRD) Central Eyre Iron Project 2010 Drilling Programme Update Ended 05 November 2010
Perth, Nov 9, 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 drill rigs on double shift at Murphy South.
- Downhole gyroscopic and geophysical surveying of existing holes well advanced.
- On track to confirm a mineral resource estimate of considerable size and tonnage at Murphy South.
The exploration target for Murphy South, across the 10 traverses designed for the Stage V drilling programme, is 400-800Mt magnetite gneiss.
Progress to date
---------------------------------------------------------------Hole Type Metres Completed (m) Holes Completed (No.)---------------------------------------------------------------RC (pre-collar, 4,305 64now completed)---------------------------------------------------------------Diamond 18,139 41---------------------------------------------------------------
The cross-sections presented below and marked A, B, C, D and E, 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 561340mE and 562540mE are in progress. 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 and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/64126-ASX-IRD-514448.pdf
Contact
Andrew Stocks
Managing Director
Iron Road Limited
Tel: +61-8-9200-6020
Mob: +61-403-226-748
Email: astocks@ironroadlimited.com.au
| ||
|
