Was it one billion tonnes?Sydney - Wednesday - Oct 22: (RWE...

Was it one billion tonnes?

Sydney - Wednesday - Oct 22: (RWE Australian Business News) -
Epsilon Energy Ltd (ASX:EPS) today announced the results of recently
completed ground gravity and ground magnetic surveys, which have
revealed what is interpreted to be three discrete DSO (hematite or
detrital) targets, and confirmed interpreted magnetite targets, at the
company's Mardie Iron Ore Project in Western Australia.
The project area covers 224 sq km and is located 110km southwest
of Dampier in the world-class Pilbara mining region.
Epsilon is targeting large-scale Magnetite and higher-grade DSO
(Hematite/Detrital) deposits.
The project has easy access to major regional labour and
services centres of Dampier and Karratha, is close to water sources in
the Robe River Delta, and is traversed by the goldfields natural gas
pipeline, while Cape Preston Port and Infrastructure facilities are
being constructed 35km to the northeast.
Three DSO target zones have been delineated from the recently
completed ground gravity survey at Mardie, with the easternmost gravity
anomaly interpreted to be hematite/detrital with an exploration target
independently calculated to be in the range of 28Mt to 32Mt.
Managing director Mr Matt Gauci said the hematite prospectivity
of these targets transformed the economics of the Mardie project.
"Identifying a potentially higher-grade hematite target clearly
enhances the value of the entire project while also complementing the
large-scale magnetite target as each drill traverse (and hole) now has
the potential of a more significant return," said Mr Gauci.