Atlas Iron Limited (ASX:AGO) Reports A Maiden Inferred Resource At The Warrawanda Project
Perth, July 6, 2010 AEST (ABN Newswire) - Atlas Iron Limited (
ASX:AGO) is pleased to report a maiden Inferred resource on the Wishbone deposit at the Warrawanda Project (100% AGO), located 50 kilometres southeast of Newman.
The resource estimation for Wishbone is based upon RC exploration drilling commenced by Warwick Resources in 2009, with additional drilling completed by Atlas in May 2010. Mineralisation remains open to the north, and the next round of drilling will focus on opportunities for extensions as well as first-pass exploration on other regional targets within the project area.
"This is a fantastic start in a region known for its world class orebodies, and with a number of high quality targets in front of us ready for drilling, we are hopeful of more and larger discoveries in the second half of 2010." commented David Flanagan, Atlas' Managing Director. "The exploration team are now gearing up for a big exploration programme around Newman and we look forward to reporting results as they come to hand."
For the complete Atlas Iron Limited announcement including Wishbone Resource Summary, please view the following link:
http://www.abnnewswire.net/media/en/docs/63234-ASX-AGO-496544.pdf
About Atlas Iron Limited
Atlas Iron Limited (ASX:AGO) is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since listing on the ASX in late 2004, Atlas has grown rapidly and is now a member of the ASX100 index.
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