Western Plains Resources
Western Plains Resources (ASX: WPG) has both direct shipping ore (DSO) deposits and magnetite deposits. In addition, a new type of deposit, a beneficiable feed ore (BFO) has been discovered.
WPG’s iron ore deposits lie in the Peculiar Knob and Hawks Nest tenements in the Gawler Craton south of Coober Pedy. The Company has completed a Bankable Feasibility Study for the development of the Peculiar Knob and Buzzard DSO deposits. Initial resource development will be directed towards the Peculiar Knob, Buzzard and Tui haematite deposits (combined resource of 37.4 million tonnes @ 62.6% Fe) that the Company plans to bring into production at 4.5 Mt per year of DSO, for a ten project mine life.
Western Plains Resources completes drilling program at Peculiar Knob in SA
Wednesday, March 10, 2010
Western Plains Resources (ASX:WPG) has completed the drilling program that commenced on 6 February at the company’s flagship Peculiar Knob DSO iron ore project, south of Coober Pedy in South Australia.
The program consisted of five large diameter PQ cored holes and five RC percussions holes for a total of 1,498 metres.
Good intersections of massive high grade specular haematite were made in the diamond holes as follows: PK-106 79.54 – 96.68m, PK-107 45.62 – 75.02m, 77.02 – 101.24m, PK-108 33.80 – 39.16m, 43.87 – 58.87m, 122.04 – 159.98m, PK-109 52.66 – 71.89m and PK-110 84.30 – 97.30m, 104.70 – 138.83m.
The company said the mineralised core will be dispatched to the laboratory in Perth for assay and metallurgical testwork over the next few days.
The RC holes were drilled to test for extensions to the main mineralised zone across an interpreted fault zone at the north eastern extremity of the orebody.
Narrow zones of high grade mineralisation were intersected in the initial two holes as set out in the Company’s announcement of 18 February and were followed up with three further RC holes.
Narrow zones of massive haematite were also intersected in each of these follow-up holes.
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