Sydney, Oct 30, 2005 (ABN Newswire) - Atlas Gold (ASX: AGO) reports drilling programme repoorts:
'Direct Shipping' grade drill intercepts achieved in maiden iron ore drilling programme at Pardoo.
Results include;
Bobby - 18 metres at 62.4 % Fe
- 10 metres at 62.2% Fe
- 6 metres at 62.86 % Fe
New iron ore drill targets identified through detailed mapping and rock chip traverse sampling programmes.
Results include;
Alice - 24.33 metres at 63.18 % Fe
Olivia Extensions - 47.0 metres at 60.08 %
Fe South Limb - 28.16 metres at 60.77 % Fe
Bobby Extensions - 26.07 metres at 60.19 % Fe
Orson - 40.81 metres at 62.4% Fe
Grant - 27.0 metres at 60.2% Fe
Goldsworthy Agreement - Increased Pardoo Project landholding from 114 km 2 to 604 km 2 from Independence Group and CO2 Group, includes South Limb iron ore prospect.
Turner River Agreement
Acquired a further 413 km 2 of prospective iron ore tenure 50 km from Port Hedland from De Grey Mining. Area includes the Wallareenya channel iron deposit (CID).
Western Shaw Project
New tenement application on which 7 channel iron deposits have been identified and rock chip sampled, returning results up to 62.66 % Fe.
Agreement to raise up to $6m through placement to LinQ Corporate to accelerate iron ore exploration and project development.
