Atlas Iron Limited (ASX:AGO)
Perth, June 19, 2009 AEST (ABN Newswire) - Atlas Iron Limited (ASX:AGO) is pleased to announce further exploration success from its north Pilbara exploration projects. The company continues to deliver high-grade direct shipping iron ore (DSO) results from ongoing aggressive exploration within its Mt Webber, Wodgina and Turner River projects, all located within a 150km radius of Port Hedland in the Pilbara of Western Australia.
Selected highlights from recent RC drilling at the three project areas are detailed below:
Mount Webber Project
42 metres at 60.9% Fe and 0.09% P from 16 metres in MWRC038;
38 metres at 61.4% Fe and 0.09% P from 10 metres in MWRC078;
34 metres at 60.2% Fe and 0.08% P from surface in MWRC053; and
42 metres at 59.2% Fe and 0.08% P from 6 metres in MWRC035.
Wodgina Project
62 metres at 59.2% Fe and 0.07% P from surface WDRC490;
46 metres at 60.2% Fe and 0.11% P from 12 metres in WDRC816;
60 metres at 57.8% Fe and 0.05% P from 4 metres in WDRC819; and
44 metres at 59.4% Fe and 0.03% P from 38 metres in WDRC705;
Turner River Project
50 metres at 59.2% Fe and 0.13% P from surface in TRRC020;
44 metres at 59.8% Fe and 0.10% P from surface in TRRC012;
36 metres at 60.9% Fe and 0.13% P from 16 metres in TRRC018; and
36 metres at 60.7% Fe and 0.13% P from 8 metres in TRRC016.
"All three of these projects have produced fantastic results" commented David Flanagan, Atlas Managing Director. "It reinforces the message that Atlas has quality ground, and that we will keep delivering for our shareholders by taking every opportunity we can to add value".
First-pass drilling on the Ibanez prospect at Mt Webber has now been completed, and Atlas is confident of achieving an initial resource estimate later this year. Drilling is ongoing and we expect to report further results as they come to hand.
The drilling highlights at Wodgina are the result of additional definition drilling around the high-grade Dragon deposit, to the northeast of the Anson deposit, for which an inferred resource was announced in May 2009.
The results are expected to increase both the size and grade of the Dragon deposit. Infill drilling at the Anson deposit is complete, and estimation of the updated resource is underway. Several large target areas remain to be tested to the north of Wodgina, and the area continues to hold significant growth potential.
The Mt Dove prospect is part of the Turner River Project strategically located just 65 km south of Port Hedland, 35 km northwest of Wodgina and only 15 km from the Great Northern Highway. Results indicate an exploration target of 2 to 3 million tonnes of DSO at 57 to 60 % Fe within the target areas drilled to date.
Several lower priority targets in the area still remain to be tested. Given its location and grade, the Mt Dove prospect is expected to provide blending opportunities for the Wodgina operation.
For the details of the drilling and assay results from the above project areas, please click the link below;
http://www.abnnewswire.net/media/en/docs/60917-ASX-AGO-450231.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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