IronClad claims new DSO discoveries at Wilcherry Hill

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THE DRILL SERGEANT: Ironclad Mining (ASX: IFE) is currently drilling two, previously untested, prospects situated adjacent to the company’s Wilcherry Hill project in South Australia.

The company said it has encountered continuous near surface Direct Shipping Ore (DSO) Goethite/Hematite at the Zealous and Black Hills West prospects.

Both Prospects are located within the Joint Venture exploration licence between Ironclad 80 per cent and Trafford Resources (ASX: TRF) 20 per cent.

 

Locality of Zealous and Black Hills West to Wilcherry Hill. Source: Company announcement

 

IronClad kicked off the drilling program in November with the intent of identifying additional, near surface DSO in order to reduce mining and processing costs.

The Zealous and Black Hills West prospects were previously identified within the Wilcherry Hill project area as containing outcropping material suitable for DSO – but remained untested by drilling.

They have now been collectively subjected to 1122m of drilling in 26 holes.

“We are very pleased with the drilling results received, to date, from the Zealous and Black Hills West prospects as we previously identified these targets to host mineralisation suitable for DSO,” Ironclad mining acting CEO Robert Mencel said in the company’s announcement to the Australian Securities Exchange.

“These results validate not only our corporate strategy to build on our existing near surface resource but also the prospectivity of the Wilcherry Hill project area in general.

“This is an exciting time for IronClad, as we build our DSO base, and we are looking forward to updating the market frequently as we progress forward.”
IronClad is now waiting to receive further results to enable it to plan additional drilling programs for Zealous and Black Hills West to delineate the size and extent of the mineralisation.”

Ironclad will also be undertaking an additional exploration drilling program at the Hercules project, which is located approximately 15km from the Wilcherry Hill project.

The company explained Hercules is known to host large iron ore mineralisation in considers to be conducive to DSO with a historic target of 193.9 million tonnes at 27.11 per cent iron.

To further define and potentially increase the known DSO resource at the Hercules project Ironclad will conduct an additional 2,000m drilling program.