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Radar Iron update on Yilgarn region project
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Saturday, 28 Jan 2012
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Radar Iron's high grade 24 metres at 57.4% iron from 8 metres intersection is one of a recent string of very positive results to come from the company's Johnston Range and Evanston project areas, which are strategically located in the Yilgarn region of Western Australia.

The latest highlight is from a reverse circulation drilling program which was completed at the end of 2011, covering just over 6000 metres in 77 holes testing hematite targets generated from mapping and geophysical evaluation over the projects.

Additional highlights from Evanston include; 6 metres at 61.7% iron from 24 metres; and 8 metres at 59.1% iron from 12 metres.

Further drilling is planned to test the strike and depth extent prior to potential resource evaluation, with Radar identifying the potential for mineralisation suitable for economic extraction has been reinforced by this drilling with the indication of pods at over 55% iron and up to 300 to 400 metres in length and 20 metres wide.

Mr Jonathan Lea MD commented that “These results are an important step in the process of defining our initial hematite resources. The drilling has confirmed the potential for hematite mineralization and more detailed drilling is now required to enable resource evaluation and further drilling approvals are pending.”

(Sourced from Proactive Investors)

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