re: Ann: McPhee Ck resource drilling -Strong ...
'Most importantly, there is good evidence from surface mapping that the mineralisation extends further east than the area currently drilled, with outcropping very shallow dipping hematite located several hundred metres further east. As the eastern most hole on most sections drilled is mineralised, this suggests that relatively flat lying mineralisation could extend considerably further than currently modelled in the Company's conservative initial Exploration Target of 100 to 140 million tonnes of hematite iron ore (57-60%Fe) for the main range deposit.'
Wow. 100-140mt for McPhee Creekis now 'conservative'.....
GIR Price at posting:
$1.44 Sentiment: Buy Disclosure: Held