Sherwin Iron (ASX:SHD) has revealed significant results from the completion of initial reconnaissance diamond drilling at the Mt Scott Prospect within its Roper River Iron Ore Project in the Northern Territory.
Mt Scott is located approximately 20 kilometres from Sherwin’s Exploration Bulk Sample Pit and Proposed Direct Shipping Ore Mining Operation at Deposit C.
The reconnaissance drilling indicates DSO grade iron ore present in the same Lower Ironstone Unit as Deposit C.
Holes were drilled over a 3 kilometre strike length covering historic BHP Deposits I and K, and confirmed DSO grades within every intersection.
Sherwin had reported high grade rock chip sampling results within this drilled area and at several other locations at Mt Scott in 2011.
Better intersections included 1 metre at 63% iron from 4 metres, 1.25 metres at 58.7% iron from 3.25 metres, and 1 metre at 60% iron from 12.25 metres.
An extensive program of reverse circulation drilling is now warranted to assess potential for a DSO resource that could lead to a future mining operation.
