Radar Iron identifies DSO iron ore targets at Jackson and Boondine projects

Radar Iron is about to ramp up news flow across several of the company projects.

The latest positive news is that iron ore targets have been identified from an aeromagnetic survey which includes an additional 20 kilometres of magnetic responses. The survey was over the Die Hardy, Boondine and Jackson projects which are located in the Southern Cross district of Western Australia which comprised 8,300 flight line kilometres.

The outcome is that several areas of direct shipping ore mineralization have been defined at the Jackson and Boondine projects. At Die Hardy, which is the initial main magnetite target for Radar the data highlighted new untested magnetic units to the north and north-west of the existing drilling indicating a combined strike length of 4 kilometres.

Magnetic modeling for all the recently acquired data is currently underway with ground reconnaissance of potential anomalies kicking off this month and following drilling approval, drill testing is expected to commence in early 2012 at the high priority targets.

In total Radar holds around 1200 square kilometres of tenements in the Yilgarn Iron Ore Province with 120 kilometres of banded iron formations which are largely unexplored for iron ore.

1. Johnston Range DSO targeted drilling to commence

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Haranga Resources discovers significant iron ore at Selenge Project in Mongolia

Haranga Resources has unearthed broad widths of iron mineralization in all sixteen diamond drill holes completed at the Bayantsogt prospect within its Selenge Project in Mongolia.

The company is aiming to define an initial JORC Resource by the first quarter of 2012. Bayantsogt is the first of the four major targets to be drilled at Selenge.

Drilling at the Bayantsogt prospect has intersected at least five major iron lodes ranging in down hole width from 12 metres to 54 metres. Assay results have been received for seven holes. The mineralization remains open in all directions.

Highlights from within the banded magnetite skarn formations include
1. 26 metres at 27% iron (Fe) from 32 metres
2. 28 metres at 30% Fe from 3 metres
3. 29 metres at 24% Fe from 34 metres
Similar banded magnetite skarn deposits in the Selenge region, such as the nearby Eruu Gol mine have proven amenable to mining and low cost beneficiation.

The company Selenge iron ore project consists of five contiguous exploration licences covering almost 600 square kilometres of ground in the heart of Mongolia premier iron ore development region. Importantly, The Selenge project area has excellent access to the main trans-Mongolian rail line and nearby rail spurs.

The Selenge province includes the 304 million tonne deposit currently being mined at nearby Eruu Gol which produces about 2.5 million tonnes of magnetite concentrate per annum and ships the product via a newly constructed 70 kilometer rail spur connecting the mine to the main trans-Mongolian rail line.

Drilling with two rigs is continuing and the mineralization is still open in every direction including depth. The company has a third rig now drilling at other Selenge targets and is attempting to secure a further dedicated drill rig at Bayantsogt for the remainder of the drilling season.

Initial drilling has commenced at the Huiten Gol prospect. The company plans to commence drilling at the Dund Bulag prospect before the end of this month. Depending on these results, Haranga Resources may also decide to drill test at the nearby Undur Ukhaa prospect prior to year end.

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Results from Shymanivske project in the Ukraine, consisting of iron grades

Black Iron announced that it has received additional assay results from its recently completed confirmation drill program at its Shymanivske project in the Ukraine, consisting of iron grades of over 30%. Further results from the confirmation and metallurgical diamond drill program included 88.9 meters, grading 32.2% iron, and 23.9 meters of 31.2% iron, in twin hole 12009-T.

Twin or confirmation hole 20287-T, also returned 78.2 meters grading 30.9% iron, and 31.1% iron over 34.9 meters. The results include thick iron bands in each hole and continue with the property's trend of intercepting grades of more than 30%.

Mr George Mover COO of Black Iron said that "The results from the twin hole program to date validate the historical work completed on Shymanivske. We are very pleased the assay results align well with the historical drilling, both in terms of iron grade and band length."

The company started the twin hole program in April 2011, which was designed to provide drill core suitable for metallurgical test work, in order to establish an optimized process flow sheet for the ongoing scoping study at the project, as well as to confirm previous drilling work.

The Shymanivske project, located in Krivoy Rog, Ukraine, contains an NI 43-101 compliant resource of 345 million tonnes of measured and indicated resources grading 32% iron and 469 million tonnes of inferred resources grading 31% iron.

The project is surrounded by five other operating mines, including ArcelorMittal's iron ore complex. Existing infrastructure in the area, including access to power, rail and port facilities, is expected to allow for a quick development timeline to production for the property. The company also holds an exploration permit for the adjacent Zelenivske project, which it intends to further explore to determine its potential.

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