Giralia plays the waiting game for results Tuesday, 9 December...

Giralia plays the waiting game for results

Tuesday, 9 December 2008
Claire Svircas

GIRALIA Resources says things are looking good at its Mid West projects but the company is facing a large assay backlog, delaying its results.

Despite completing over 300 drill holes since mid-August at the company’s Beebyn, Earaheedy, Western Creek and Anthiby Well iron ore projects in Western Australia, it has an assay backlog covering 70% of the holes drilled thus far.

The company says all assays have been received from its 82 drill hole program of RC drilling at Beebyn during September.

Drilling targeted the three most easily accessed of the seven mapped hematite zones at Beebynganna Hills and also tested strike extensions to current resource zones on the Beebyn-Weld Range segment.

The company said assay results from the initial drilling at the Hills section were encouraging with several hematite mineralisation intersections recorded including 10m at 57.7% iron and 6m at 61.8% iron.

Assays from the Weld Range drilling suggest likely extensions to the east of the Beebyn deposit including intersections of 12m at 59.3% hematite and 6m at 59.0% at the end of hole.

Meanwhile, at the greenfields Earaheedy project, a 121 hole drilling program to test beneath hills demonstrated strong hematite alteration, with the first assays returning positive news, including 20m at 55.7% iron and 8m at 58.7% iron.

A 71 hole drilling program at Western Creek in the Pilbara region, to extend the current 40.7 million tonne resource and test the newly acquired Homestead prospect is planned.

Drilling continues at the Anthiby Well prospect to test the channel iron mesas.