jewell of the mid-west

FYI, article in today's mining news. Very significant results indeed in both widths and grades eg 82m at 63.6% iron from only 16m depth - stripping/ore ratio will be very low by industry standards 2:1.

Anticipating news on the infrastructure and then the resource upgrade in the near future. With these reported widths and grades, Wiluna West will be the Jewell of the mid-west in regards to high grade hematite DSO product.

Buy, buy, bye GWR - corporate activity imminent I suggest.

Sinosteel, Murchison, Gindalbie, Jupiter, Cape Lambert Iron, Cleveland etc etc. Take your pick.

Long arms and shallow pockets will win the day - the Indians are a circling the Jewell of the Mid-west.
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Golden West jumps on iron results

Kristie Batten
Tuesday, 17 March 2009

SHARES in iron ore play Golden West Resources have jumped 17% this morning on fresh drilling results at its Wiluna West iron ore project in Western Australia’s Mid West region.

Best results included 82m at 63.6% iron from 16m, 59m at 62.9% iron from 22m, 50m at 65.6% iron from 103m and 80m at 64.2% iron from 25m.

The company said some of the intercepts are outside of the current resource boundary.

Golden West has also discovered a new zone of mineralisation 1.4 kilometres north of the existing resource model.

The new zone extends over a strike length of 600m with drilling returning assays including 32m at 63.7% iron from 32m and 44m at 61.6% iron from 64m.

Wiluna West has a current inferred direct shipping ore resource of 126 million tonnes grading 59% iron and is subject to a current feasibility study.

As a result of a strategic review, Golden West chief executive officer David Rose has resigned and will leave the company at the end of the month.

The company will be led by executive chairman Con Markopoulos.

Shares in Golden West were 17% or 4.1c up today to 31.5c.