Stellar Resources Updates Tarcoola Iron Ore Project
Stellar Resources provided an update on its iron ore project at Tarcoola in central South Australia, reporting that Hole PD007 has extended the width of the main body of iron rich magnetite mineralisation by some 30% on Section 6609770N. Hole PD007 also intersected a 37m wide zone of hematitemagnetite-quartz mineralisation within the magnetite zone. It advised further that the quality of the hematite zone is not yet confirmed and iron grade may not be sufficient to meet direct shipping ore requirements. The company reported further that core from PD007 is in the process of being cut and sampled for assay with results expected within four weeks. Davis Tube Recovery tests will take longer to complete. Planning for a 4,000m RC drilling program to commence next month is currently underway.
Original Announcement: Tarcoola Iron Ore Project enhanced by drilling
