Winmar Resources drills namesake deposit

THE DRILL SERGEANT:    Iron ore exploration play Winmar Resources has announced some recently received results from its 12,000 metre RC drilling extension and infill program at the Winmar Deposit, at the company’s Hamersley Iron project in the Pilbara region of Western Australia.

The results further enhance the company’s Winmar plans to confirm a JORC Resource upgrade at the project in the current quarter.

The Winmar Deposit has a current JORC Inferred Resource Estimate of 143 million tonnes at 52.6% iron (55.6% calcium iron).

Encouraging results received from the first four holes of the company’s latest 80 hole, 12,000m RC drilling extension and infill drill program at the Winmar Deposit include 44m at 60.7% calcium iron and 48m at 61.0% calcium iron.

Some of the results Winmar has been able to achieve so far have come from up to 500m outside the current resource area giving the company hope of excellent scope for additional resource increases.

The results received so far also provide support to the company’s claimed exploration target of 250-300Mt at 55-59% calcium iron for the Winmar Deposit.

In corporate news the company has appointed iron ore and steel industry veteran Philip Kirchlechner as a marketing consultant.

Kirchlechner has 20 years’ experience in iron ore and steel marketing and business development which include roles with Hamersley Iron, Rio Tinto Iron Ore and JP Morgan. He was also formerly Head of Marketing at Fortescue Metals Group.