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Hemisphere Resources drilling targets iron resource increase at Yandicoogina South
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Thursday, 22 Sep 2011
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It is reported that Hemisphere Resources has mobilized a reverse circulation rig and commenced a 750 to 1,000 meter program of infill and resource extension drilling at its Yandicoogina South iron project.

The drilling has the potential to increase the existing Indicated Resource of 4.3 million tonnes at 55.8% iron at the project in the Pilbara region of Western Australia located 5 kilometres south of RioYandicoogina Mine.

The program is designed to test and sterilize outcropping surface mineralization identified on hills around the existing Indicated Resource.

Danny Costick, managing director said “we will also infill gaps in the current drilling grid and test mineralization in a tributary channel running south from the main Yandicoogina South ore body.”

The project is the company most advanced in a growing portfolio of prospective Pilbara iron projects, all of which are strategically located in close proximity to established infrastructure and existing major iron-ore operations. An additional two tenements are under application along strike and up channel of Yandicoogina South to expand the project footprint.

The company plans further step out drilling for the Yandicoogina South tenement once further heritage clearance is obtained and also on grant of pending tenements E47/2473 and E47/2474. The pending tenements comprise undrilled ground along strike and up-channel of the initial CID discovery and both present walk-up CID drill targets.

(Sourced from www.proactiveinvestors.com.au)

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