Perth based Brumby Resources has commenced a diamond drilling program at its Goldsworthy iron ore project, approximately 70 kilometres east of Port Hedland in Western Australia.

A four hole diamond drilling program comprising approximately 1600 meters will test previously defined offset gravity anomalies associated with the Western and Eastern ground magnetic ground gravity anomalies. The company interprets that these untested offset gravity anomalies may represent blind DSO ore positions.

The project is located within granted Exploration Licence 45/2539 encompassing an area of 112 square kilometres. The project is locally situated 12 kilometres south west of the Atlas Iron Ridley magnetite deposit and the Pardoo DSO open pit mining operation.

The two project areas are serviced by existing infrastructure including port, railway, sealed highway, electricity and gas pipeline.

During August 2007 the company signed an Option and Joint Venture Agreement with Independence Group NL and Western Australian Resources Limited on the Goldsworthy Project, specifically for platinum copper gold mineralization. At that stage IGO and WAR maintained the iron rights.

In negotiation with IGO and WAR, Brumby was able to acquire 100 per cent of the iron rights in February 2008 by entering into an acquisition agreement on the granted exploration licenses.

(Sourced from Proactive Investor)