Sydney - Friday - September 29: (RWE Aust Business News) - Giralia Resources (ASX:GIR) has assays which confirm iron ore prospectivity on the tenements at its Beebyn project, Western Australia. Two zones of mineralisation were defined on extensions of the Weld Range prospect. Mineralisation is approximately 20-30m thick and grading up to 60.8pc iron with moderate phosphorous levels. The average grade of five mineralised traverses over a cumulative 700m strike is 59.8pc iron, 0.1pc phosphorous. Further zones of unexplored hematite enriched iron has been found on the tenements within an 11km range approximately 14km south east of Weld Range and assays are awaited from initial surface sampling. Giralia has also commenced field work on Earaheedy, 100km north of Wiluna, WA. The area was subject to iron ore exploration in the 1970s.
GIR Price at posting:
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