Hemisphere picks up encouraging drill results

THE DRILL SERGEANT: Perth-based diversified exploration play Hemisphere Resources has announced the receipt of further encouraging results.

The results stem from a recently completed drilling program carried out on the company’s Yandicoogina South iron project.

The Yandicoogina project has a defined maiden JORC Indicated Resource of 4.3 million tonnes at 55.8 per cent iron.

The project is located six kilometres south of Rio Tinto’s Yandicoogina mine in the Pilbara region of Western Australia and according to Hemisphere represents a tributary of the Marillana Creek system.

 

Location of the Yandicoogina South Project. Source: Company announcement

 

Hemisphere Resources managing director Danny Costick said the aims of the recent drilling program were to test mineralisation in a tributary channel running south from the main Yandicoogina South ore body.

It was also set the tasks of testing the outcropping surface mineralisation the company had previously identified on hills around the existing Indicated Resource, and to infill gaps in the current drilling grid.

“Drilling at Yandicoogina South continues to return encouraging iron values, and each campaign adds to our growing understanding of the mineralisation,” Costick said in the company’s announcement to the Australian Securities Exchange.
 
“The latest results extend the known mineralisation and further extensions to the south require the grant of additional tenements that are currently under application.”

The company noted the surface rock chips recorded in the bedrock mineralisation were not replicated in the latest drilling.

It said this demonstrated the mineralisation to be a surface feature with no development at depth.