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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:PLV
News: Latest news
Web Site: Pluton Resources
Other Articles: 19-03-201011-03-201003-12-2009

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Pluton Resources

Pluton Resources

Pluton Resources Limited (Pluton) is an Australia-based company engaged in the exploration of mineral assets with a portfolio of interests in tenements in Western Australia and Tasmania.
Thursday, March 11, 2010

Pluton Resources intersects iron mineralisation on Irvine Island, WA

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Pluton Resources (ASX: PLV) has intersected a continuation of visible iron mineralisation west of the current Inferred Resource on Hardstaff Peninsula, Irvine Island, Western Australia (E04/1172).

Drilling by Pluton Resources Ltd on Irvine Island is targeting an extension of the current Inferred Resource of 54Mt @ 49% iron (Fe) within the primary Yampi Member target horizon.

Tony Schoer, Managing Director, said “Intersecting iron in Hole Y2-12 was critical to Pluton meeting its target of >100Mt from Hardstaff Peninsula. These visual results give us great confidence that our projections can be met.”

Assay results are pending. However, the intersection of the Yampi Member in drill hole Y2-12 on the western side of Hardstaff Peninsula confirms the extension of iron mineralisation west and outside of the current Inferred Resource area.

Drilling on the western side of Hardstaff Peninsula has also intersected visually better than expected iron mineralisation in the Wonganin Sandstones. The Wonganin Sandstones overlie the Yampi Member.

They are of generally lower grade than the Yampi Member but have been shown by the CSIRO to yield additional iron as a concentrate grading >66% iron (Fe).

Assay results for the fist two holes in the program are imminent, and will be released once received.

The company said drilling is ongoing, and ground conditions encountered are variable, but progress remains steady.

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