Dynasty Metals Australia Limited results have been received from the remainder of the Stage 1 Reverse Circulation drill holes, MMRC008 to 15 that were targeted to test for Marra Mamba Formation on Prairie Downs Tenement. These results confirm that all intercepts of Marra Mamba Iron Formation to date have been iron rich and low in phosphorous, typically 0.04% to 0.07% P.

The results demonstrate and confirm Dynasty's early exploration success with respect to confirming the presence of strongly mineralized sections of the important Marra Mamba Iron Formation and provide confidence for future exploration.

Holes MMRC001, 02, 08 & 14 were designed to define the Eastern contact of the relatively flat lying Marra Mamba Formation and drilled into basement rocks. The remaining 11 of the 15 holes intersected substantial thicknesses of iron formation. Holes MMRC001 to MMRC015 were vertical holes drilled on a 200m X 100m grid and confirmed the thicknesses and grades of iron mineralization from this wide spaced drilling.

Marra Mamba & Brockman Iron Formations: Several follow up confirmation holes are planned on the Marra Mamba prospect on completion of the current Stage 1 drilling program on the Detrital / Channel Iron prospects. These follow up holes will help to both define the Marra Mamba Prospect and to finalize the planning of the next phase of exploration for possible unrecognized Brockman and Marra Mamba Iron Formations in Dynasty's tenements.

Channel Detrital Iron Deposits: In addition to Marra Mamba targets, Dynasty will soon complete its drilling program of nearly 200 RC drill holes, mostly on a 400 X 200m and 400 X 100m grid, testing the Northern Channel Iron Prospect and the Spearhole Prospect.

To date, drilling has intersected several Tertiary Channels which were based on sub crop of Channel Iron and a very large area of younger Detrital Channel Iron with thicknesses from surface ranging from 15 meters to 35 meters. The DID deposit appears to be thickening to the east and south east along the Spear hole drainage system.

Iron Conglomerate Deposits: In addition to the Marra Mamba, Tertiary Channel Iron and Detrital Channel Iron targets, Dynasty's technical team has collected several 40 kilograms samples from an ancient and vast coarse boulder basal hematite clast conglomerate which is located on the margin between the Bangemall and Hamersley basin. The basal conglomerate, referred to as the Homestead Prospect, covers an area within Dynasty's tenements of 100 square kilometers and is estimated from field observations to be possibly up to 40 meters thick in places. On the north and western contact at the intersection of regional north east and north west trending faults large hematite clasts within a heavily feruginised matrix have been observed.

(Sourced from ABN Newswire)