Giralia Resources has reported an initial Inferred Mineral Resource for the Company’s 100% owned Anthiby Well iron ore project, located around 100 kilometres west of Paraburdoo in the Pilbara Region of Western Australia.
Highlights:
- Initial iron ore Mineral Resource at Giralia’s 100% owned Anthiby Well project subject to a production royalty:
- 63.5 million tonnes @ 50.5%Fe (55.8% CaFe), including
- 37.6 million tonnes @ 53.6%Fe (59.1% CaFe)
- This maiden estimate for the Anthiby Well channel iron deposit (“CID”) is based on an 87 hole first pass drilling program completed in December 2008.
- The resource is near surface; within ~40 metres of natural land surface.
- Drilling results include 32 metres @ 55.1%Fe incl. 24 metres @ 56.0%, 22 metres @ 56.3%Fe, and 18 metres @ 56.2%Fe.
Giralia’s Anthiby Well iron ore project is a new discovery of channel iron (CID) mineralisation confirmed by an 87 hole drilling program completed in December 2008. The Mineral Resource comprises mesas of pisolitic iron ore mineralisation. The mineralisation commences at or very near the natural land surface, to a maximum depth of approximately 40 metres. Better drilling intersections include; 32 metres @ 55.1%Fe including 24 metres @ 56.0%, 22 metres @ 56.3%Fe, and 18 metres @ 56.2%Fe.
Several Robe Pisolite mesas have been identified in the area as targets for channel iron mineralisation, and potential also exists for extensions around and between between mesas. Results from the western mesas in particular are encouraging, with thick zones of CID mineralisation intersected.
The Company plans further drilling to test for resource extensions particularly around and to the west of the Western Mesas, and to conduct beneficiation testwork to establish whether the lower grade CID and SCID mineralisation is amenable to low cost upgrading using screening.
Source: Proactive Investors, Australia
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