http://imagesignal.comsec.com.au/asxdata/20080730/pdf/00864746.pd...

http://imagesignal.comsec.com.au/asxdata/20080730/pdf/00864746.pdf

Mindax has been undertaking a program of detailed mapping through the Mount Forrest Iron Ore Project area. The purpose and objective of the mapping program is to provide much better definition of drilling targets and to define additional areas of mineralisation. The mapping program has progressed steadily from the south of the project area and early results have been most encouraging, discriminating hematite, hematite-goethite and goethite materials.

Surface rock chip samples (86) are to hand for a limited part of the area so far mapped. Of these, 67 samples exceed 57% Fe with an average grade of 60.1% Fe and describe coherent geological units. The area sampled to date represents approximately 7% of the prospective geology.