this is a few weeks old from the australian but relevant:
Rail makes a difference
APOLOGIES in advance for banging on about railways for the second week in a row, but their presence -- or the promise of presence -- can make the world of difference to the economics of a mineral deposit.
Thus, the announcement from Giralia Resources might seem just another early drilling result, and worth no more attention than any other such news. But it followed by just a few weeks the revelation that WestNet Rail -- the operator of Western Australia's railway network -- wants to build a new line through the Mid West region of the state to serve all the new or proposed iron ore mines, feeding into the existing port of Geraldton and the new planned shipping terminal at Oakajee.
That new line would pass by the front door of Giralia's Beebyn-Weld Range project where the first drilling results have included holes that hit 36m at 60.8 per cent iron ore and 30m at 60.3 per cent. This is much sought-after haematite ore and drilling shows that the main zone is between 25m and 45m thick with most of the ore encountered so far lying less than 100m from the surface.
Giralia's ground is right next to the higher-grade parts of the Mt Weld project now being worked on by Midwest Corp and its deep-pocketed Chinese partner, Sinosteel. Giralia has also found out-cropping iron ore 10km to the south of where it is now drilling.
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GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
