Mindax kicks off second phase drilling at Mt Forrest project

THE DRILL SERGEANT: Mindax Limited (ASX: MDX) has commenced the second phase of its 2013 field program at the company’s Mt Forrest iron project in Western Australia.
 
The planned drilling program of approximately 4,000 metres is to be conducted by Yilgarn based drilling contractor, Westdrill and is anticipated to be finished within four weeks, depending on prevailing weather conditions.

“Mt Forrest is our flagship project and has considerable potential,” Mindax Limited managing director and CEO Dr Steve Ward said in the company’s announcement to the Australian Securities Exchange.

“We are pleased to be able to begin our second phase of drilling for 2013.

“This is a key component of our work program as we drive the project forward.”

The upcoming work program will entail:
 
–    Definition drilling of the three detrital areas identified in phase one drilling earlier in 2013;

–    Testing for the existence of additional detrital iron mineralisation from the surface gravity surveying completed in March 2013; and

–    A small drill program targeting additional regolith iron mineralisation (approval from the Department of Mines and Petroleum is awaited for this element of the program).

Mindax indicated this work is part of the company’s program to optimise its previously completed direct shipping ore (DSO) regolith Scoping Study.

The company aims to increase the scale of both the mining output and project life by increasing the iron inventory.

Preliminary assessments indicate the distinct possibility of being able to include detrital material as part of the iron inventory.