Early days yet but looks quite promisingIRON ORE RESULTS AT...

Early days yet but looks quite promising


IRON ORE RESULTS AT BELLARY SPRINGS
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Pelican Resources Limited (ASX: PEL) is pleased to announce that its wholly owned subsidiary Sunrise
Exploration Pty Ltd (Sunrise) recorded positive iron ore results from a field sampling programme at its Bellary
Springs project, 20 km northeast of Paraburdoo in the Pilbara region of Western Australia.
The detailed sampling was undertaken as follow-up to previous interesting iron ore results from an earlier
sampling programme of the pisolite capped mesas within the Bellary Springs tenement covering a total area of
196 km2.
A total of 18 rock chip samples, mostly collected from numerous old costeans, returned values of up to 60.09%
Fe with acceptable silica and alumina values and low phosphorous averaging 0.047% P.
Field work indicated that the better grades were confined to a north – south striking pisolitic channel 1100
metres long and 100 to 150 metres wide. Actual thichness is difficult to ascertain but, based on the old trenching,
is 2 to 4 metres deep.
The mineralisation sampled is centred on about AGM 84 co-ordinated 600300E and 7445500N and lies within
2km of Rio Tinto’s Paraburdoo to Tom Price railway line.
The analytical results are tabulated below:
Sample
Number
AMG 84
Easting
AMG 84
Northing
Fe % Si % Al % P %
PI 001 600520 7444932 60.3 1.395 2.01 0.0559
PI 002 600473 7444969 56.1 2.5 3.21 0.0559
PI 003 600450 7445001 57.9 1.775 2.64 0.0559
PI 004 600399 7445029 58.9 1.84 2.03 0.0467
PI 005 600346 7445068 59 1.37 2.13 0.0498
PI 006 600208 7445250 50.8 1.595 5.93 0.0292
PI 007 600200 7445307 55.9 1.085 3.31 0.0886
PI 008 600244 7445369 59.8 1.54 1.55 0.0436
PI 009 600278 7445450 56.2 1.735 3.1 0.0498
PI 010 600299 7445539 55.7 2.27 3.52 0.0362
PI 011 600279 7445627 53.3 2.88 4.22 0.0402
PI 012 600297 7445684 55.6 2.35 2.73 0.0314
PI 013 600313 7445771 55.4 2.27 2.49 0.0323
PI 014 600336 7445842 51.9 2.5 3.72 0.034
PI 015 600387 7445842 52.3 2.65 3.8 0.0489
PI 016 600398 7445889 59.5 1.655 1.545 0.0585
PI 017 600399 7445942 54.9 2.71 3.02 0.048
PI 018 600447 7446017 56.1 2.53 2.46 0.0428
PI 019 600394 7446086 30 1.8 18.85 0.0196