Dynasty Metals Australia announced that it has identified potential iron targets that would enhance Dynasty’s 1.4 billion tonne detrital ironstone gravel deposit at the Spearhole Prospect in Western Australia.

1. Iron Gravel Potential;
Interpretation of the geophysical results suggest the presence of two sub parallel north east to south west trending structures which may have had a significant influence on the formation of massive iron gravels in the Spearhole deposit and elsewhere on the tenement.

2. Iron Formation Potential;
It illustrates target areas which are considered to be prospective for hidden Brockman or Marra Mamba hematite iron deposits and additional detrital ironstone gravel deposits which have been defined from the interpretation of the magnetic data and regional geological mapping.

3. Channel Iron Potential;
During the Q1 2011, geological mapping traverses will be undertaken to define drill sites in the target areas. In addition, Dynasty’s geologists will investigate the tenements further to south to establish the area’s prospectivity for the channel iron deposits reported to exist in that area.

4. Basal Iron Conglomerate Potential;
Dynasty is making preparations to test a large basal iron conglomerate deposit in 2011. Surface sampling has returned high iron grades in places.