PepinNini Minerals (ASX: PNN) has revised the JORC Resource for Area C, part of the joint venture Robinson Range Iron Ore Project, following a drilling program.
The revised Inferred Resource at Area C is 4.3 million tonnes at 55.2% iron, based on a 52% iron cut-off grade, or 17.7 million tonnes at 49.7% iron based on a cut-off grade of 45% iron.
Results from 18 shallow reverse circulation holes drilled in 2012, which intercepted Hematite and Hematite-Goethite iron enrichment, have now been included in the resource.
Highlights from drilling in 2012 include:
- 24 metres at 64.2% iron from surface;
- 15 metres at 60.7% iron from 56 metres; and
- 57 metres at 56% iron from 3 metres, including 33 metres at 61.8% iron from 25 metres.
Of the 18 holes drilled at Area C, 13 returned intercepts of greater than 55% iron content, which offers Direct Shipping Ore potential.
The Robinson Range Project in Western Australia’s Mid West region comprises seven tenements covering 700 square kilometres.
It is held in joint venture between PepinNini Robinson Range (40%), Grosvenor Gold (40%) and FE Limited (ASX: FEL) (20%).
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