Radar Iron is about to ramp up news flow across several of the company projects.
The latest positive news is that iron ore targets have been identified from an aeromagnetic survey which includes an additional 20 kilometres of magnetic responses. The survey was over the Die Hardy, Boondine and Jackson projects which are located in the Southern Cross district of Western Australia which comprised 8,300 flight line kilometres.
The outcome is that several areas of direct shipping ore mineralization have been defined at the Jackson and Boondine projects. At Die Hardy, which is the initial main magnetite target for Radar the data highlighted new untested magnetic units to the north and north-west of the existing drilling indicating a combined strike length of 4 kilometres.
Magnetic modeling for all the recently acquired data is currently underway with ground reconnaissance of potential anomalies kicking off this month and following drilling approval, drill testing is expected to commence in early 2012 at the high priority targets.
In total Radar holds around 1200 square kilometres of tenements in the Yilgarn Iron Ore Province with 120 kilometres of banded iron formations which are largely unexplored for iron ore.
1. Johnston Range DSO targeted drilling to commence
Mr Jon Lea managing director of Radar told Proactive Investors that a 3000 meter reverse circulation drilling program will kick off next month at the Johnston Range project.
The project is significant for Radar with around 20 direct shipping ore targets having already been identified which Mr Lea said have the potential to host 2Mt to 5Mt hematite deposits in pods.
Johnston Range hosts 40 linear kilometres of banded iron formation, and has the potential to deliver a JORC Resource in the short term. Radar has outlined at the project an exploration potential for magnetite of 4.0Bt to 6.7Bt at 20% to 45% iron which is based on significant magnetite being intersected by drilling.
2. Die Hardy maiden JORC in coming months
Highlighting another project moving forward quickly, Die Hardy is forecast to deliver a maiden JORC Resource in November this year.
A Scoping Study at the project was completed recently which helped boost the potential of Die Hardy being a viable project with realistic transport, power and water infrastructure available.
Once the JORC Resource has been received, Radar will initiate a Pre-Feasibility Study.
(Sourced from www.proactiveinvestors.com.au)
