All drill assay and rock chip results indicate the magnetite iron ore is of similar high grade and quality at FE1, Byro South and the Whitmarsh Find ore bodies.
Magnetite intersections at Byro South include:
- 10 metres at 31.48% iron from 58 metres;
- 26 metres at 31.54% iron from 80 metres; and
- 18 metres at 35.69% iron from 90 metres.
At Whitmarsh Find magnetite was also intersected with results including 24 metres at 32.76% iron from 52 metres.
The 1,811 metre drill program comprised 14 reverse circulation drill holes and two geotechnical / metallurgical PQ/NQ diamond core holes, with targeting based on high definition aeromagnetic signatures and surface outcrop mapping and sampling.
The highly prospective Byro Project is in the Mid-West region of Western Australia. It is strategically located 100 kilometres west of the proposed Midwest Iron Ore Railway which is planned to link existing and future iron ore projects in the Mid-West Region to the proposed Oakajee deep water bulk shipping port north of Geraldton.
(Sourced from www.proactiveinvestors.com.au)
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