Dynasty Metals Australia Limited (ASX:DMA) Announce Continuation Of High Grade Iron Ore Mineralisation At Marra Mamba Prospect

Dynasty Metals Australia Limited (ASX:DMA) Announce Continuation Of High Grade Iron Ore Mineralisation At Marra Mamba Prospect

Sydney, Jan 28, 2010 AEST (ABN Newswire) - Dynasty Metals Australia Limited's (

ASX:DMA) Stage 2 Reverse Circulation (RC) drill holes, MMRC016 to MMRC029 were designed to get a better understanding of the mineralisation in Marra Mamba. The final results from these holes are presented in Table 1 (see bottom of release). These results confirm that the intercepts of Marra Mamba Iron Formation to date have been iron-rich with calcined in-situ grades ranging from 55% Fe to 65% Fe, and showing low concentrations of phosphorous, typically 0.04% to 0.07% P.

The results demonstrate Dynasty's early exploration success by confirming with drilling the presence of strongly mineralised sections of the important Marra Mamba Iron Formation up to 100m thick and with a shallow dip to the west. These results provide confidence for future exploration for Marra Mamba on Dynasty's tenements.

TABLE 1: Key Results Marra Mamba Project - Summarised -

-----------------------------------------------------------Hole      From   To   Intersection   Fe%    CaFe1%     P%                        Length-----------------------------------------------------------MMRC017    17    27      10m       49.41%   57.00%   0.078%MMRC020     2    24      22m       55.74%   59.91%   0.032%Incl.       4    22      17m       58.06%   61.92%   0.030%MMRC021     9    17       8m       59.05%   60.64%   0.030%MMRC022    13    27      14m       54.50%   60.41%   0.030%MMRC023     5    60      55m       51.64%   58.32%   0.042%Incl       18    34      16m       54.58%   60.83%   0.030% and        39    57      18m       52.75%   60.42%   0.046%MMRC024    11    62      51m       55.55%   61.11%   0.056% Incl       22    42      20m       57.53%   62.73%   0.049%And        46    61      15m       60.44%   65.38%   0.059% MMRC027    17    27      10m       51.68%   57.53%   0.075%MMRC028     1    44      43m       52.51%   57.47%   0.042%Incl        6    14       8m       54.65%   59.14%   0.031%And        28    38      10m       58.77%   63.80%   0.043%MMRC029    22    38      16m       57.57%   61.42%   0.040%-----------------------------------------------------------

1 CaFe = "calcined or LOI-free grades" calculated as (Fe*100)/(100-LOI)

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