Iron Road Limited (ASX:IRD) Update On Stage VI Drilling Programme at Central Eyre Iron Project
Perth, Aug 2, 2011 AEST (ABN Newswire) - Iron Road Limited (
ASX:IRD) is pleased to advise that Stage VI drilling at the Central Eyre Iron Project (CEIP) continues to proceed to plan.
CEIP Summary
- The Stage VI drilling programme investigates the western extension of Murphy South.
- Four rigs drilling diamond tails, with selected holes being extended into the footwall for geotechnical measurements.
- Traverses completed to date confirm the thickening of the orebody eastward and adjacent to the Stage V drilling programme at Murphy South.
- Programme on track to define a mineral resource estimate of considerable size and tonnage additional to the current 1.01Bt identified at Murphy South.
Progress to date
-----------------------------------------------------------Hole Type Metres Completed (m) Holes Completed (No.)-----------------------------------------------------------RC (pre-collar- all complete) 5,078 63-----------------------------------------------------------Diamond (tail) 14,288 44-----------------------------------------------------------
The exploration target for Murphy South (western extension), across the 10 traverses designed for the Stage VI drilling programme, is 500-800Mt magnetite gneiss.
The Stage VI drilling programme comprises 64 diamond drill holes for over 25,000m. Cross-sections of traverses A, E, F and H are presented below. The geology intersected in all traverses is consistent with interpretations from inversion modelling of detailed, high resolution aeromagnetic surveys. A general thickening of the sequence occurs toward the east.
For the complete Iron Road Limited announcement including figures and tables, please refer to the following link:
http://media.abnnewswire.net/media/en/docs/ASX-IRD-551856.pdf
Contact
Andrew Stocks
Managing Director
Iron Road Limited
Tel: +61-8-9200-6020
Mob: +61-403-226-748
Email: astocks@ironroadlimited.com.au
http://www.ironroadlimited.com.au
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