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Iron Road drilling at South Australian Iron Projects on track


Iron Road (ASX: IRD, IRDO) has advised that drilling at the Central Eyre Iron Project (CEIP) and Gawler Iron Project (GIP) in South Australia is proceeding to plan.

At CEIP diamond rigs are completing triple tube QA/QC drilling at the Dolphin Resource. Remaining drilling includes four large diameter (PQ) holes for Pre-feasibility Study (PFS) metallurgical test work.

An application for Exploration Work Approval (EWA) has been submitted to PIRSA for next stage of drilling at CEIP for 9380m. Coffey Mining has commenced with structural interpretation of Boo-Loo West.

At the Gawler Iron Project three targets have been tested by drill traverses – Boomer, Northwest Fingerpost Hill 3 and Northwest Fingerpost Hill 1.

In a single traverse at Northwest Fingerpost Hill 1 magnetite has been replaced by hematite from surface to a vertical depth of 55m.

The total width of this hematite zone is estimated at 180m. Magnetite gneiss extends below the hematite by an additional 20-45m.

To date a total of 1990 samples from 19 drill holes have been received by the analytical laboratory for XRF analysis. No assay results have been received. Drilling shut down for a rest break from 13-26 April 2010.

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