Sherwin receives Roper River results

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THE DRILL SERGEANT: Iron ore-focused exploration company Sherwin Iron has reported results from a drilling campaign the company has carried out at the Sherwin Creek prospect located within its Roper River iron ore project in the Northern Territory.

These recently-received results stem from a program of 91 RC drill holes totalling 4,506 metres, and 18 diamond drill holes totalling 607 metres.
The drilling was carried out so that Sherwin could test the continuity and boundaries of drill results it had previously reported to the market.

The best of the results received from the latest round of drilling include:

9 metres at 47.8 per cent iron from 11 metres;

8m at 49.7 per cent iron from 31m;

9m at 50.3per cent iron from 29m;

10m at 47.1per cent iron from 36m;

7m at 51.1per cent iron from 30m;

10m at 47.4per cent iron from 0m;

10m at 49.0per cent iron from 0m; and

10m at 50.1per cent iron from 22m.
 
Sherwin Iron conducted the infill drill program at Sherwin Creek over a nominal 400m by 200m drill hole spacing appropriate for the computation of a resource estimation.

SRK Consulting has commenced estimation of a maiden resource for Sherwin Creek, which is targeted for delivery by the end of October.

The company said it had confirmed that the middle and lower beds of shallow dipping iron oxide mineralisation that it announced to the market in June are continuous between sections.

Indicative beneficiation testing of the Sherwin Creek iron oxide mineralisation has commenced using samples the company obtained from a metallurgical diamond drilling program of 8 PQ diamond core holes for 229m to support the resource estimate.

“These are further excellent results from our 2011 drill program,” Sherwin Iron managing director Jerry Ren said in the company’s announcement to the Australian Securities Exchange.
 
“The additional drilling results should underpin a substantial maiden resource at Sherwin Creek and are consistent with our current Exploration Target of 400 million tonnes to 500 million tonnes at 40 per cent to 48 per cent iron for Hodgson Downs, Sherwin Creek and Mount Fisher.

“Our 2011 exploration season is still underway and the ongoing mapping and sampling of targets in the Mount Scott and Yumanji areas is on track to upgrade the company’s Exploration Target for the Roper River iron ore project before the end of the field season.”