Radar Iron update on Die Hardy Range project

Friday, 15 Jul 2011

Radar Iron metallurgical test work at the company's Die Hardy Range project is delivering some encouraging results, including a 69.4% iron concentrate grade with 4.1% silica, for a mass recovery of 40.3%.

The results are based on 163 four meter composite samples and confirm preliminary results and most importantly the potential for the mineralization to be treated to produce a saleable concentrate.

Mr Jon Lea MD of Radar Iron said that "The relatively coarse grind size and excellent concentrate properties are highly encouraging."

Radar Iron continues to move exploration forward quickly at the project, with resource drilling over 2 kilometers of strike to continue before a resource estimation is undertaken, with a JORC Resource forecast for later this year.

Based on surface mapping, geophysical interpretation and drilling to date the exploration potential of the Die Hardy mineralization is estimated to be 700 million tonnes to 1,200 million tonnes at 29% to 33% iron.

The company will also conduct a Scoping Study in the December 2011 quarter to establish the projects viability, along with the required resource size, a preferred infrastructure route and power water solutions.

Radar Iron's projects are strategically located in the highly prospective Yilgarn iron ore province of Western Australia.

Radar Iron has secured access to the iron ore rights for tenements covering a total area of approximately 1,100 square kilometers and makes Radar one of the largest mineral rights holders in the region.

The Tenements are considered to be prospective for both hematite and magnetite mineralization. Radar Iron intends to rapidly access the iron ore potential for both hematite and magnetite mineralization of the tenements.

(sourced from ProactiveInvestors)