Radar Iron (ASX: RAD) has received drilling approval for the recently identified hematite target at its Johnston Range Project, strategically located in the Yilgarn region of Western Australia.
The 800 metre long by 100 metre wide zone of potential hematite mineralisation was discovered through rock chip sampling which returned average grades of 59.5% iron.
Drill testing is planned for next month subject to drill rig availability.
Mapping and geophysical assessment at the Johnston Range Project continue to define further hematite targets which will be drill tested in 2012.
Radar is targeting the definition of a maiden hematite Resource for the Johnston Range in the coming months.
The company has access to more than 1,100 square kilometres of tenements, with the latest drill tests only exploring a fraction of the area that is believed to have hematite potential.
In early April, Radar discovered two zones of hematite mineralisation at Johnston Range, with further drill testing planned to test a number of other hematite targets.
The two adjacent hematite zones within the Muldoon prospect are each up to 1 kilometre long and between 10 and 25 metres wide. Both have been tested to about 30 to 40 metres below surface.
Highlights from drilling at these zones include:
- 32 metres at 60.4% iron from 6 metres;
- 34 metres at 59.4% iron from surface; and
- 26 metres at 59.5% iron from 6 metres.
Die Hardy
While Radar is focusing on regional exploration for hematite over the large land holding, it is also continuing work at the Die Hardy magnetite project, which lies around 30 kilometres southeast of Johnston Range.
The company is progressing a Pre Feasibility Study and has begun metallurgical studies and hydrogeological studies.
In late 2011, Radar delivered a maiden JORC Resource of 353 million tonnes at 26.1% iron from Die Hardy, with more than 60% of the resource in the Indicated category.
Importantly, Die Hardy has further demonstrated the potential to be economically viable, with modelling indicating a saleable concentrate of 112 million tonnes at 69.2% iron.
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