Following Meteoric Resources's (ASX:MEI) initial drilling programme at Coorara in the South Yilgarn iron ore province, the company has carried out further geological mapping and sampling to identify additional drilling targets for hematite-goethite mineralisation with direct shipping potential.
Macarthur Minerals Limited
Meteoric Resources NL (ASX:MEI) Update On Recent Iron Ore Exploration Activities In Coorara District
Meteoric Resources NL (ASX:MEI) is encouraged by recent iron ore exploration activity in the South Yilgarn iron ore province, in particular by the potential of some of these activities to positively impact Meteoric's Coorara iron project. Activities include Macarthur Minerals' (CVE:MMS) (PINK:MMSDF) recent announcement of positive scoping study results on its Lake Giles iron ore project.
Following an agreement to acquire a 100% interest in the Coorara iron project (MEI ASX Release 31 May 2010) Meteoric Resources (ASX:MEI) has commissioned a detailed aeromagnetic survey over the 40km strike length of banded iron formation (BIF) evident on the project area from outcrop and existing aeromagnetic data.
Meteoric Resources (ASX:MEI) Acquisition Of A Major, 40km-Long, Iron Ore Opportunity At Coorara, Western Australia
Meteoric Resources (ASX:MEI) has signed an agreement to acquire a 100% interest in exploration licence E16/372 at Coorara, about 90km northeast of Koolyanobbing in Western Australia.