Ann: JORC Code Upgrade at Wilcherry Hill , page-12

Tota and anyone else who may be interested, take a look at the IFE announcement from 17th Nov 2009 in regards to their DSO drilling. I have copied and pasted and excerpt below.

My comment: They seem to have quite a bit of DSO there just from the drill hits and it is in the same deposits that they announced today. You will find within a reported JORC resource at a certain average grade like IFE announcend today, there are parts where the grade is much higher and parts where the grade is lower. Obviously to get into production and to self finance further expansions they are going to target the higher DSO grade areas initially. That has always been the plan. As I said in my last post they may only need to define 6mt reserve of about 50% ore. I recommend that anyone interested in the project read the old announcments and look at the drilling intercepts and the processing work that the consultant engineers did for IFE.

From IFE announcement: 17th Nov 2009.

DRILLING DEFINES EXTENSIVE DIRECT
SHIPPING ORE AT WILCHERRY HILL
Highlights:
Drilling continues to expand and identify
extensive areas of shallow, Direct Shipping Iron
Ore (DSO) at the Wilcherry Hill Project.
At the Weednana Prospect, excellent DSO grades
with consistent low impurity levels are reported,
including:
- 28m @ 62.3 Fe% from 20m
- 18m @ 64.1 Fe% from 26m
- 16m @ 62.3 Fe% from 44m
Continuous high grade, low impurity
intersections occur over a 400m strike length
which is open to the North.
The Directors of IronClad Mining Limited (ASX:IFE) are
pleased to announce the results of the recently completed
4000m targeted drilling campaign.
Based on the extremely positive results and the high quality of
product, the Directors are confident that IronClad will be in a
position to announce a substantial shallow DSO resource in the
near future.
Metallurgical test work is currently underway to assist in
determining the beneficiation characteristics of the near DSO
material (45%Fe 59%Fe), thus providing a lower cut-off for
the definition of Direct Shipping Ore.
The quality of the assay results returned defines an exceptional
direct shipping product with consistent high iron ore grade
zones with low levels of impurities such as phosphorous and
sulphur (Table 1). This premium DSO resource will enable
IronClad to fast track the Wilcherry Hill Project into a low cost
first stage production phase and sustain at least a 5-10 year
mining operation.
PAGE 2 OF 4
The three targets drilled, Weednana, Weednana North and
Ultima Dam West (figure 2), returned results that have
significantly expanded the previously identified areas of shallow
Direct Shipping Ore (DSO) at the Wilcherry Hill Iron Ore
Project in South Australia.
Hole ID From To Interval Fe%
Calcined
Fe%
SiO2% Al2O3% P% S% LOI
09WDRC002 44 60 16 62.3 62.3 6.6 1.5 0.005 0.025 0.1
09WDRC003 42 46 4 60.2 61.1 8.5 2.2 0.017 0.025 1.5
09WDRC004 22 28 6 64.9 66.3 2.3 0.9 0.030 0.047 2.1
And 36 46 10 64.4 65.0 4.4 1.0 0.011 0.026 0.9
09WDRC005 20 48 28 61.5 62.3 6.5 2.1 0.011 0.033 1.3
09WDRC013 12 20 8 55.5 60.1 7.7 4.2 0.057 0.095 7.7
09WDRC016 26 54 28 58.1 60.7 7.2 2.8 0.040 0.184 4.3
(Including) 26 44 18 62.2 64.1 4.2 1.8 0.035 0.130 3.0
09WDRC017 12 20 8 62.2 63.6 3.7 2.5 0.014 0.043 2.2
09WDRC018 38 44 6 58.0 60.1 9.1 1.9 0.021 0.080 3.5
09WDRC030 36 50 14 63.1 63.1 6.5 1.2 0.009 0.039 0.1
09WNRC002 6 14 8 55.7 60.0 6.7 6.0 0.002 0.093 7.1
09WNRC006 14 22 8 54.8 58.9 8.3 5.4 0.115 0.075 7.0