IRON ORE RESULTS AT BELLARY SPRINGS, PILBARA REGION, WESTERN AUSTRALIA.
Highlights:
• Iron Ore results returned from rock chip sampling from outcropping of channel iron deposit (CID) type formations including values up to 60.8% iron • Drilling programme is now planned Pelican Resources Limited (ASX: PEL) is pleased to announce that its wholly owned subsidiary Sunrise Exploration Pty Ltd (Sunrise) recorded iron ore results from a field sampling programme at its Bellary Springs project, 20 km northeast of Paraburdoo in the Pilbara region of Western Australia. The sampling was undertaken as follow-up to earlier sampling programmes of the pisolite capped mesas numbers 1 and 2 within the Bellary Springs tenement covering a total area of 196 km2. The sampling was concentrated on pisolite capped mesas numbered 3 and 4 with a few check samples collected from Mesa No 2. A total of 25 rock chip samples, mostly collected from outcrop and a few old costeans, returned values of up to 60.8% Fe with acceptable alumina values and low phosphorous. The sampling results are consistent with iron values expected from pisolitic Channel Iron Deposits (CID). Actual thickness is difficult to ascertain but, based on the old trenching, is it is likely to average about 2 to 4 metres deep. The mineralisation sampled lies within 2km of Rio Tinto’s Paraburdoo to Tom Price railway line.
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