Good to see the adjoining companies drilling continuing to show the similar results that can be expected from Corunna, in this case , just to the North West of McPhee Ck. BCI to the Sth of GIR and FMG and AGO to the west of GDA's Corunna. Plus the Moly and iron ore that Moly Mines has to the North East.
From the ann' this morning..... ( check out the map and GDA's iron ore project is just too the top left of Dalton's from what I can work out. ( Dalton is immediatley west of McPhee Ck)
The Directors of Giralia Resources NL (Giralia) are pleased to report results from resource definition infill drilling at the Company’s 100% owned McPhee Creek iron ore prospect, located 220 kilometres south-east of Port Hedland in the Pilbara region of Western Australia, and around 50 kilometres north of BC Iron Limited/ FMG's Nullagine-Bonnie Creek channel iron deposits ("CID"). Initial drilling in mid September confirmed a significant hematite deposit on the main range at McPhee Creek, including intersections of 90 metres @ 58.6% Fe from surface to end of hole, and 46 metres @ 60.2% Fe. A total of 71 RC drill holes have now been completed on the new main range discovery, with new results from the infill resource definition drilling along the western edge of the deposit continuing to return exciting results, confirming continuity of thick shallow dipping sheets of hematite, open down dip to the east. New results include 50 metres @ 60.3%Fe, 56 metres @ 59.0%Fe, and 80 metres @ 56.1%Fe. Many holes were still in ore grade at the end of hole. Most importantly there is good evidence from surface mapping that mineralisation extends further east than the area currently drilled, with outcropping very shallow dipping hematite located several hundred metres further east. As the eastern most hole on most sections drilled is mineralised, this suggests that relatively flat lying mineralisation could extend considerably further than currently modelled in the Company’s conservative initial Exploration Target of 100 to 140 million tonnes of hematite iron ore (57-60%Fe) for the main range deposit. A maiden JORC resource estimate incorporating all drilling to date is anticipated by mid December.
GDA Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
