Fortbridge Media ReleaseRadar Iron Ltd [ASX: RAD] - Maiden Hematite JORC Resource for Muldoon ProspectRadar Iron Ltd (ASX: RAD) has announced the maiden Mineral Resource for the Muldoon prospect at the Johnston Range Iron Ore Project.
Highlights:
* Maiden JORC reportable Inferred Mineral Resource of 2.1 Mt at 57.6% Fe
* Excellent potential for increasing hematite resource inventory in 2012
* Mineralisation readily amenable for mining with infrastructure pathway being developed
Modelling and mineral resource estimation by consultant firm CSA Global has resulted in a JORC reportable Inferred Mineral Resource at a 55% Fe cut-off grade of 2.1 million tonnes at 57.6% Fe. At lower cut-off grades the mineralisation inventory exceeds 3Mt at 56% Fe.
Radar has identified that the Johnson range area has significant potential to host numerous hematite enriched deposits of similar size and grade. It is Radars intention to progressively test these zones during 2012 with the aim of delineating additional resources at the project.
Managing Director Jonathan Lea said that Johnston Range remains Radars key focus given the potential for hematite mineralisation, and this strategy is starting to create investor interest within the wider industry in Asia.
Please see the announcement on this link:
For further information, please contact:
Jonathan Lea
Managing Director
Radar Iron +61 8 9482 0515
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Phillip Wingate
Company Secretary
Radar Iron +61 8 9482 0515
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Media:
Fortbridge +61 2 9003 0482
Luke Dean +61 414 535 433
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