Sherwin hits early drilling Success at Mt Scott

THE DRILL SERGEANT: Sherwin Iron (ASX: SHD) has been encouraged by early results from the completion of initial reconnaissance diamond drilling at the Mt Scott prospect within the company’s Roper River iron ore project in the Northern Territory.

Mt Scott is located approximately 20 kilometres southeast of Sherwin’s Exploration Bulk Sample Pit and proposed Direct Shipping Ore (DSO) mining operation at Deposit C.

The reconnaissance drilling indicates DSO grade iron ore present in the same Lower Ironstone Unit (within Sherwin Formation) as Deposit C.

A total of 11 wide spaced HQ diamond core holes drilled over a 3km strike length covering historic BHP Deposits I and K, confirm DSO grades within every intersection.

 

Source: Company announcement

 

Sherwin had reported high grade rock chip sampling results within this drilled area and at several other locations at Mt Scott in 2011.

Better intersections from the recent drilling include:

(RR00593D)
1 metre at 63 per cent iron from 4m;

(RR00594D)
1.25m at 58.7 per cent iron from 3.25m;

(RR00602D)
1m at 60 per cent iron from 12.25m;

(RR00599D)
1.25m at 58.1 per cent iron from 28.5m;

(RR00598D)
0.75m at 65.5 per cent iron from 15m; and

(RR00596D)
2.75m at 55.7 per cent iron from 2.75m.

“These results are very encouraging as DSO grades are present within ironstone beds of similar character (thickness and grade) as identified in early drilling at Deposit C,” Sherwin Iron said in its ASX announcement.

“Particularly encouraging is the relatively shallow depth of DSO grades intersected within near flat-lying stratigraphy.

“An extensive program of RC drilling is now warranted to follow up current results to assess potential for a DSO resource that could lead to a future mining operation.”

Email: corporate@sherwiniron.com.au

Website: www.sherwiniron.com.au