Zinc Company Australia Limited announced positive initial results from the evaluation of the iron ore potential of the company’s 100% owned Mount Alexander Project in the West Pilbara region of Western Australia.

First pass iron ore exploration at Mount Alexander has identified a banded iron formation which outcrops strongly as ridges up to 100 meters above the surrounding plains. The ridges extend for 6.5 kilometers along strike and have outcrop widths up to 560 meters. A detailed aeromagnetic survey flown in 2007 clearly outlines the BIF. Flanking the ridges are screen blankets of BIF fragments with a total area of approximately 180 hectares.

Mr Gary Comb chairman of Zinc Company said that the initial results from Mount Alexander are very encouraging.

He said that "We have clear indications of potential for very big tonnages. Rock chip assay results to date have been consistently good with high iron grades and low levels of penalty elements. The project is in an excellent location with regards to infrastructure. We are working flat out to define the economic potential of this project."

The project is near the port of Onslow, 260 kilometers south west of Karratha and well located with respect to infrastructure. The North West Coastal Highway is 10 kilometers west of the project and the Dampier Bunbury gas pipeline passes to the west of the highway.

The aeromagnetic data also show that the BIF extends to the west for a further 3.3 kilometers under cover into a tenement owned by Zinc Company. Previously unmapped BIF outcrops indicate that cover is shallow in this western area.

(Sourced from Proactiveinvestors.com)