Warwick Resources announced that it has outlined further high grade iron ore mineralisation on its 100% owned Woggaginna iron ore project near Newman. Woggaginna is located 55 kilometers southeast of Newman and 35 kilometers south of BHP Billiton’s Jimblebar iron ore mine and railway.

Mapping and rock chip sampling at the Wishbone prospect confirmed a further 1.2 kilometers strike length of high grade iron mineralisation, increasing the total strike length to 2.7 kilometers. Another 1.5 kilometers of strike of the host Banded Iron Formation sequence at Wishbone remains to be mapped and sampled.

Twelve sample traverses undertaken to the northwest of the drilled area returned high grade iron mineralization with low impurities. Weighted average intersection was 22.6 meters 60.89% Fe.

This follows excellent results from Phase 1 RC drilling at Wishbone, announced last month, which demonstrated thick, high grade iron mineralization extending from surface to over 70 meters vertical depth.

Using magnetic data, the Company has identified over 40 kilometers of cumulative strike length of BIF units on the Woggaginna project, of which about one third has so far been mapped and sampled and only 3 kilometers tested by drilling.

Areas of iron enrichment, typically 20 meters to 50 meters wide and from 300 meters to 1,000 meters long and grading up to 63% Fe are developed over the moderately to steeply dipping BIF units.

The Company intends to undertake a second phase of drilling at Wishbone in April 2009.

Warwick Resources' projects have a combined area of 1,200 square kilometers. Since listing on ASX in February 2007, the Company has rapidly identified significant iron ore targets on its existing tenure and has recently acquired further iron ore prospective ground. Through its relationship with Peak Drilling, the company has access to drill rigs to aggressively explore its projects. Pilbara iron ore producer Atlas Iron Limited is Warwick’s largest shareholder with a 19.4% stake.