Radar confirms hematite at Johnston Range

THE DRILL SERGEANT: Radar Iron claims to have confirmed hematite mineralisation at the company’s Muldoon prospect, located on the Johnston Range in the Yilgarn region of Western Australia.

 

Radar Iron project location. Source: Company announcement

 

The company conducted an RC drilling program in March 2012 completing 34 holes for 1410 metres.

Best results from the recent campaign include:

–    32 metres at 60.4 per cent iron;

–    34m at 59.4 per cent iron;

–    26m at 59.5 per cent iron;

–    22m at 59.1 per cent iron;

–    18m at 58.6 per cent iron;

–    16m at 56.4 per cent iron;

–    22m at 56.1 per cent iron; and

–    20m at 55.8 per cent iron.

Radar said the drilling defined two adjacent zones of hematite mineralisation measuring approximately 10 to 25m in width and has been tested to 30 to 40m below surface.

“These results confirm the continuity and economic grades of the two zones of hematite mineralisation at the Muldoon prospect,” Radar Iron managing director Jonathan Lea said in the company’s announcement to the Australian Securities Exchange.

“The near surface mineralisation presents potential for a low cost development opportunity using open cut mining methods.

“The latest drill data is still being assessed and it is the intent of the company that resource estimation will be completed in coming months – possibly following some further infill drilling.”

Radar is hoping to identify hematite resources in 2012, through the drill testing of several individual hematite bodies.

The company said the confirmation it has achieved through the recent drilling that mineralisation can continue under cover suggests the potential for mineralisation could be greater than it previously thought.