Wednesday, 22 Jun 2011
Flinders Mines is making strong progress with its drilling program at the Pilbara Iron Ore Project in Western Australia, with over 50 kilometres of drilling completed since the previous resource update.
The drilling program is aiming to provide a sufficient Measured Resource to complete the recently approved Definitive Feasibility Study and to extend the Resource of high quality direct shipping ore through drill testing of newly identified Brockman Iron Deposit zones.
The drilling during 2011 has been carried out on schedule and on budget and is due for completion in mid July 2011. Highlights include 70 metres at 59.9% iron, 66 metres at 59.7% Fe and 60 metres at 60.6% Fe.
With such high iron contents the corresponding combined silica and alumina levels of these intersections is around 6%. The majority of assays have now been received from drilling on the north arm of the Delta deposit.
The company said validation of the results and geology is underway and indications are that the infill drilling to Measured Resource status is consistent with the distribution of known mineralisation. This confirms the robust nature of the geological and resource models which saw the conversion of the Inferred mineralization in Delta to Indicated status at a very high 98%.
Reverse circulation drill rigs have been operating at the project since the previous resource estimate in October 2010 to complete the program of Indicated and Measured status infill drilling as well as the initial testing of newly identified BID zones.
Since October 2010 a total of 963 holes have been completed for 50,467 metres. Of these holes, 688 holes have been drilled in the 2011 drilling campaign to define the Measured Resource in the Delta deposit, representing 83% completion.
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