Hemisphere Resources Limited (ASX:HEM) Yandicoogina South - Positive Drilling Results
Perth, Nov 25, 2011 AEST (ABN Newswire) - Hemisphere Resources Limited (
ASX:HEM) today announced further encouraging results from the recently completed drilling programme at the Company's flagship Yandicoogina South iron project in Western Australia's Pilbara where it has defined a maiden JORC Indicated Resource of 4.3Mt at 55.8% Fe (Figure 1).
Managing Director, Danny Costick said the aims of the program were to test mineralisation in a tributary channel running south from the main Yandicoogina South ore body; to test the outcropping surface mineralisation identified on hills around the existing Indicated Resource; and to infill gaps in the current drilling grid (Figure 2).
"Drilling at Yandicoogina South continues to return encouraging iron values, and each campaign adds to our growing understanding of the mineralisation," Mr Costick said.
"The latest results extend the known mineralisation and further extensions to the south require the grant of additional tenements that are currently under application," he said.
The surface rock chips recorded in the bedrock mineralisation were not replicated in the drilling, showing the mineralisation to be a surface feature with no development at depth (Figure 2).
For the complete Hemisphere Resources announcement including tables and figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/70741-ASX-HEM-568518.pdf
About Nexus Minerals Ltd
Nexus Minerals Ltd's (ASX:NXM) vision is to deliver superior returns and sustainable prosperity to our stakeholders through the effective discovery and commercialisation of world class mineral assets in a safe and socially responsible manner.
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