royalties from corunna downs "split rock"

On the 30th May 2013 Atlas Iron (AGO)announced,
"Atlas is targeting the development of its first Resource for the ‘SplitRock’ (Corunna Downs) prospect during the September Quarter 2013, following additional drilling to define the Western boundary to the body of mineralisation."

Personally I can't see that happening by September, but Atlas will go ahead with the development of the Mt Webber project which is located strategically next to Corunna Downs "split rock"


Significant “Split Rock” Intercepts: Drill results 1st May 2013
• 234m at 59.15%Fe in CDRC0011, from surface
• 194m at 59.5%Fe in CDRC0008, 6m from surface,
• 180m at 58.8%Fe in CDRC0001, 8m from surface, and
• 62m at 59%Fe in CDRC0009, from surface.
Mineralisation remains open to the North Strategically located between Mt Webber and McPhee Creek


Significant “Split Rock” Intercepts: 29th May 2013
• 136 Metres at 56.74%Fe in CDRC0016 from surface
• 90 Metres at 58.74%Fe in CDRC0023 from 4m
• 98 Metres at 57.77%Fe in CDRC0025 from 72m
• 120 Metres at 56.86%Fe in CDRC0026 from 6m
Mineralisation remains open to the NorthPotential width extensions to the West Additional DSO target zones for drill testing identified