Perth, Mar 22, 2010 (ABN Newswire) - Iron Road Limited (ASX:IRD) is pleased to advise that drilling at the Company's wholly owned Central Eyre Iron Project continues to proceed to plan. The Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss*. The current programme encompasses resource expansion drilling to increase an existing JORC compliant inferred resource estimate of 110Mt at the Boo-Loo prospect located within the Warramboo Project area.
- Third batch of assays and DTR test work received - results consistent with previous.
- Diamond rigs relocated from Dolphin to drill seven additional holes at Boo-Loo West.
- 679 samples at analytical laboratory for XRF analysis and DTR test work.
Progress for Period
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Hole Type Metres Completed(m) Holes Completed(No.)
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PERIOD TO DATE PERIOD TO DATE
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RC (pre-collar) Complete 3396 Complete 49
Diamond 1583 7742 9 38
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About Iron Road Limited
Iron Road Limited (ASX:IRD) is an Australia-based company. The Company is engaged in exploration and evaluation of its iron ore ground holdings. Its projects include the Central Eyre Iron project, Gawler Iron project and Windarling Iron project. The Central Eyre Iron Project consists of three distinct prospects: Warramboo, Kopi and Hambidge. The Company focuses on establishing a resource inventory that underpins a 5 to 10 metric tons per annum (Mtpa) magnetite export operation. It contains magnetite-bearing gneiss units with a cumulative strike length. Gawler Iron project includes over ten areas of known iron occurrences, including the Mt Christie deposit. A total of 252 in-situ rock chip and grab samples from 10 localities at the West Gawler project returned an average grade of 53.4% Fe. The Company developed a stage plan of ground work on Windarling project.
Contact
Andrew Stocks Managing Director Iron Road Limited Tel: +61-8-9200-6020 Mob: +61-403-226-748 Email: astocks@ironroadlimited.com.au
ASX:IRD) is pleased to advise that drilling at the Company's wholly owned Central Eyre Iron Project continues to proceed to plan. The Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss*. The current programme encompasses resource expansion drilling to increase an existing JORC compliant inferred resource estimate of 110Mt at the Boo-Loo prospect located within the Warramboo Project area.
Iron Road Limited
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