Sunday, July 19, 2009

UMC Reveals Pilbara Iron Ore Zone

Pilbara iron ore developer United Minerals Corporation has revealed new assay results show a 162m thick high grade zone of bedded mineralisation at the Railway Iron Ore Deposit.

Australian iron ore company, United Minerals Corporation continues to advance development of its Railway Deposit located in the Pilbara region of Western Australia with assay results from the recent reverse circulation drilling program at Boundary Zone within the southeastern segment of the deposit continuing to confirm a significant thickening of bedded mineralization.

Highlights:
1. New assay results show 162m thick high-grade zone within southeastern portion of Railway Deposit at Boundary Zone
2. New data further confirms a significant thickening of bedded mineralization in the south-eastern section of the Railway deposit
3. UMC supports State Government in negotiating infrastructure access for all Juniors in the Pilbara.

The new data are from five RC holes drilled at 40m spacing along section 674275 mE. The holes are situated on a drill line 100m east from section 674175 mE and were reported previously based on visual inspections of iron mineralization.

Mr Matthew Hogan CEO of United Minerals said that “These results reaffirm the outstanding commercial potential of the Railway Deposit. We support the State Government in its negotiations for infrastructure access on behalf of all Juniors in the Pilbara to unlock the revenues and jobs that come from bringing exciting projects such as this on line.”

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