jrl and eme notice on the way, page-10

New discovery shaping up for JV partners
Monday, 24 August 2009
Kristie Batten

GIRALIA Resources has reported further significant results from initial drilling at the Mt Webber prospect, part of the Daltons joint venture with Haoma Mining in the Pilbara.

The first three holes completed on the main southern hill at Mt Webber returned 70m at 58.4% iron from surface, including 54m at 60.9% iron and 1.5% alumina, 52m at 60.5% iron and 1.3% alumina from 4m, and 60m at 58.6% iron from surface, including 44m at 60.1% iron and 1.7% alumina.

As soon as the remaining assays are received, Giralia will calculate an initial resource estimate and undertake a scoping study.

The company said the project was close enough to Port Hedland to consider road transportation of ore.

The deposit directly adjoins Atlas Iron’s Mt Webber prospect, which has a resource of 32.62 million tonnes grading 57.3% iron.

Giralia holds a 75% interest in the Daltons JV, with Haoma holding the remaining stake, as well as retaining the rights to gold-silver and tin-tantalum mineralisation.