Royal Resources Provides Drilling Update – Iron Ore Prospects
Royal Resources announced that through its JV partner Gindalbie Metals, is currently undertaking an aggressive drilling campaign of Direct Shipping Ore mineralisation at the Shine Prospect under the Warriedar JV. Ongoing surface geological mapping and surface sampling completed in 2007 and early 2008 had identified a prospective strike length of 850m of mineralised banded iron formation. Phase 2 drilling, consisting of a planned 38 drill holes for a total of 3,827m on a 50 x 100m grid, will test this zone and lay the basis for extending the mineralisation to the south into the Gap Prospect and to the north into GBG’s tenements. For the period ending 27 May 2008 thirty three holes, for a total of 2004m, had been completed. On the basis of this an accelerated in-fill drilling programme of an additional 16 drill holes for a total of 1,835m has been recently approved.
Original Announcement: Drilling Update Iron Ore Prospects
