Field survey enhances hematite potential at Feral
Red River Resources has recently identified four new zones of iron enrichment at the Feral Prospect in the Mid West Region of Western Australia, with each zone holding the potential to yield direct shipping grade hematite ore (DSO).Prior work by Red River Resources identified zones of iron enrichment in banded iron formation (BIF) at Feral. The location of these previously identified zones contains approximately 300m by 50m of enriched iron grades of up to 64 percent Fe. Field inspection of this location shows that the iron enrichment occurs in BIF in a structurally similar situation to that at the old Koolanooka iron ore mine, 20km to the north-northwest. Koolanooka produced 6.7 million tonnes of lump DSO between 1966 and 1972, predominantly from a zone 160m long by 50m to 100m wide. The new fieldwork has identified four new pods of iron enrichment, ranging in strike length between 100m and 500m, to the south of the area of previous sampling. Each of these pods also shows strong similarity to the structural geological setting at Koolanooka. From an operational point of view, each of these four new pods is located in proximity to ploughed wheat paddocks, providing good accessibility for drill rigs without the requirement to gain clearing permits prior to drill testing, at least in the first round of drill test evaluation. The area covered by these pods is only a minor fraction of the area covered by native flora in the entirety of the Feral Prospect area. The newly discovered pods have been sampled by 93 samples and the samples have been submitted for analysis prior to planning of a drill program in the area.