donnie
05-02-2007, 10:09 PM
Heres another metal company with a good find, keep an eye on this one for a run.[:p][:I]
Centrex Metals Ltd has extensive tenement holdings over iron ore resources and exploration targets on Eyre Peninsula in the southern Gawler Craton adjacent to existing rail/port facilities.
Fig. 1 :: Centrex Metals Ltd Exploration Licenses, Eyre Peninsula (Click to see image)
The resources and targets are mainly within the early Proterozoic Middleback Subgroup sequence of banded iron formations (BIF) that host the historically important and currently operating iron ore mines of the Middleback Range (Onesteel Ltd). The extensive iron formations of Eyre Peninsula contain significant inferred resources of hematite and/or magnetite banded iron formation. Both historical and recent assays and metallurgical work have confirmed their potential and furthermore, the compositions of magnetic separations are favourable with high iron and low silica, alumina, phosphorous, alkalis and manganese.
Three categories of iron ore have been considered:
massive hematite ore (as traditionally mined) with Fe > 56% and low impurities (eg. phosphorous and silica);
hematite-rich BIF or jaspilite (interbanded hematite, quartz and/or iron silicates) with Fe >30%; and
magnetite-rich BIF (interbanded magnetite, quartz, marble and/or iron silicates) with magnetite content as determined by magnetic Davis Tube Separation (DTS)
>20% by weight.
please read the rest on their website
http://www.centrexmetals.com.au/projects/projects.html
__________________________________________________ ________________
RECENT DRILLING INTERSECTS 100m @ 61.2% Fe AT WILGERUP IRON ORE DEPOSIT
Highlights
o Widest ever intercept recorded at Wilgerup at 100m grading 61.2% Fe recorded in drill hole W06R116 further highlights potential resource extensions and continuity of mineralization of the North Hematite Pod.
o 80m x 20m and 80m x 40m RC infill drilling to be completed by 7 February to permit estimation of Indicated Resource for the North Pod.
o Diamond drilling to provide samples for Ore Characterization test work to commence around 14th February
__________________________________________________ ___________________________
Wilgerup North Hematite Pod
Centrex Metals Limited has been conducting reverse circulation (RC) drilling at the Company’s Wilgerup hematite deposit located 30 kilometres south east of Lock on Eyre Peninsula, South Australia since September 2006. The drilling is nearing completion with only two (2) holes remaining in this campaign.
RC drilling has been completed to provide grid coverage on 80m x 20m and 80m x 40m spacing in order to support the estimation of an Indicated Resource.
Recent deeper drilling (including W06R101 which recorded 62m grading 65.6% Fe to 124 metres depth) extended hematite mineralization at depth. Hole W06R116 drilled 160 metres north of W06R101 has returned the widest hematite intercept thus far recorded with a mineralized intercept of 100 metres grading 61.2% Fe. The hole was terminated due to drilling difficulties whilst still in hematite at 174 metres. The intercept further extends the ore potential by an additional 50 vertical metres.
Centrex Metals Ltd has extensive tenement holdings over iron ore resources and exploration targets on Eyre Peninsula in the southern Gawler Craton adjacent to existing rail/port facilities.
Fig. 1 :: Centrex Metals Ltd Exploration Licenses, Eyre Peninsula (Click to see image)
The resources and targets are mainly within the early Proterozoic Middleback Subgroup sequence of banded iron formations (BIF) that host the historically important and currently operating iron ore mines of the Middleback Range (Onesteel Ltd). The extensive iron formations of Eyre Peninsula contain significant inferred resources of hematite and/or magnetite banded iron formation. Both historical and recent assays and metallurgical work have confirmed their potential and furthermore, the compositions of magnetic separations are favourable with high iron and low silica, alumina, phosphorous, alkalis and manganese.
Three categories of iron ore have been considered:
massive hematite ore (as traditionally mined) with Fe > 56% and low impurities (eg. phosphorous and silica);
hematite-rich BIF or jaspilite (interbanded hematite, quartz and/or iron silicates) with Fe >30%; and
magnetite-rich BIF (interbanded magnetite, quartz, marble and/or iron silicates) with magnetite content as determined by magnetic Davis Tube Separation (DTS)
>20% by weight.
please read the rest on their website
http://www.centrexmetals.com.au/projects/projects.html
__________________________________________________ ________________
RECENT DRILLING INTERSECTS 100m @ 61.2% Fe AT WILGERUP IRON ORE DEPOSIT
Highlights
o Widest ever intercept recorded at Wilgerup at 100m grading 61.2% Fe recorded in drill hole W06R116 further highlights potential resource extensions and continuity of mineralization of the North Hematite Pod.
o 80m x 20m and 80m x 40m RC infill drilling to be completed by 7 February to permit estimation of Indicated Resource for the North Pod.
o Diamond drilling to provide samples for Ore Characterization test work to commence around 14th February
__________________________________________________ ___________________________
Wilgerup North Hematite Pod
Centrex Metals Limited has been conducting reverse circulation (RC) drilling at the Company’s Wilgerup hematite deposit located 30 kilometres south east of Lock on Eyre Peninsula, South Australia since September 2006. The drilling is nearing completion with only two (2) holes remaining in this campaign.
RC drilling has been completed to provide grid coverage on 80m x 20m and 80m x 40m spacing in order to support the estimation of an Indicated Resource.
Recent deeper drilling (including W06R101 which recorded 62m grading 65.6% Fe to 124 metres depth) extended hematite mineralization at depth. Hole W06R116 drilled 160 metres north of W06R101 has returned the widest hematite intercept thus far recorded with a mineralized intercept of 100 metres grading 61.2% Fe. The hole was terminated due to drilling difficulties whilst still in hematite at 174 metres. The intercept further extends the ore potential by an additional 50 vertical metres.