Mount Magnet South NL (ASX:MUM) Completes Phase 1 Iron Ore Exploration Campaign Across The Amazon Project; First Assay Results

Perth, Aug 18, 2008 AEST (ABN Newswire) - Mount Magnet South NL (ASX:MUM) is pleased to announce the completion of the Phase 1 iron ore exploration drilling campaign across the Amazon prospect.

Mr Matt Shackleton, the Managing Director of Mount Magnet South NL, said: "While maintaining focus on gold exploration and the interpretation and modelling of the Curara Well ore bodies, the rock chip assays previously reported encouraged further exploration for iron ore on Amazon.

"The Company is now in the extremely fortunate position of having two very strong assets. The Amazon project comprises a 17 kilometre strike length along two parallel BIF ridges some 600 metres apart. Combined, the zone is up to 1.5 kilometres wide in parts. The Board of Mount Magnet is considering carefully the options available to the Company to best realise the value inherent in a magnetite deposit of this size."

The program comprised 41 reverse circulation (RC) holes to depths up to 168m across the two largely parallel banded iron formations (BIFs) running through the Company's Kirkalocka Project area.

The first assays returned included 59 metres at 29.2% Fe, 50 metres at 24.7% Fe and 43m at 25.4% Fe. (Table 1)

Samples from one hole (08KLRC019) were sent for Davis Tube Recovery analysis. DTR test work on these samples indicated the deposit could produce a blast furnace quality concentrate with concentrated iron grades of up to 68% at industry standard grind sizes and silica content. (Table 2) The low levels of phosphorous (<0.02%) enhance the positive attributes of the deposit. Samples were taken from the base of the oxidised zone into unaltered BIF.

Mount Magnet South is focussing current efforts on progressing its Curara Well prospect to scoping study stage. Greenfields exploration at Foothills will commence on conclusion of the entitlements issue currently being offered.

Phase 1 Drilling Program - Amazon
The Phase 1 program across the Amazon prospect comprised 41 RC holes for 4,207m.

Table 1: Amazon prospect iron ore assays to date

---------------------------------------------             Interval (m)     Results Hole Number From: To: Width:  Fe%  SiO2% P%---------------------------------------------08KLRC003    0    59  59     29.20 49.27 0.0608KLRC007   89   109  20     29.10 46.19 0.1008KLRC016   11    38  27     24.38 48.55 0.0408KLRC017   10    25  15     30.03 48.14 0.0308KLRC018   11    33  22     27.29 48.99 0.0508KLRC019   80   130  50     24.72 53.57 0.0708KLRC020   93   136  43     25.42 51.53 0.0608KLRC021   32    55  23     33.01 29.57 0.01---------------------------------------------

Table 2: DTR test work results from hole 08KLRC019 samples*

---------------------------------------------------Head   Mass       Calculated    Concentrated grade  recovery   recovery%Fe     %         Fe%           Fe%  SiO2%  P%---------------------------------------------------26.28 34.33       81.10        62.39 12.35 0.01---------------------------------------------------*All samples were ground to 90% passing 28 microns

NOTE:

The information in this report that relates to exploration results is based on information compiled by Mr. John Vinar who is a member of the Australian Institute of Mining and Metallurgy and is an employee of Mount Magnet South NL. Mr. Vinar has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results. Mr. Vinar consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

About Impression Healthcare Ltd

Impression Healthcare Ltd (ASX:IHL), formerly Mount Magnet South Limited, is a provider of custom fit mouthguards and other oral appliances, primarily through a digital platform, in Australia. The Company offers Gameday Mouthguards. Gameday mouthguards are available in a range of different colors and can be designed based on a customer's preference, including the option to laminate their name and phone number inside the mouthguard. Following the ordering of a custom-fit mouthguard, customers are provided with home impression kit by mail which enables them to take their own impressions, when and where they wish. Customers are required to return these impressions to the Company via a pre-paid package (provided with the home impression kit). The Company manufactures its mouthguards in a dental laboratory, located in Moorabbin, Victoria, and has the capacity to produce 50,000 mouthguards annually.

 

Contact

Matt Shackleton Managing Director T +61 8 9213 8900 F +61 8 9213 8901 W www.mountmagnet.com.au