Atlas Iron Limited - Discovers More Direct Shipping Ore At Hercules Deposit
06.07.2010 | ABN Newswire
10:00 AEST July 6, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Atlas Iron Limited (ASX: AGO) is pleased to announce additional exploration success at the recently discovered Hercules deposit, adjacent to existing mining operations at the Wodgina project, 100 kilometres south of Port Hedland in the Pilbara of Western Australia. Better results include:
- 24 metres at 60.4% Fe from 36 metres in WDRC1507
- 32 metres at 58.5% Fe from surface in WDRC1537
- 22 metres at 58.2% Fe from 14 metres in WDRC1535
- 36 metres at 57.3% Fe from surface in WDRC1513
- 28 metres at 57.4% Fe from surface in WDRC1512
Exploration is ongoing at Hercules, with infilling drilling to a nominal 40 metre spacing to be completed across key areas in the next few months ahead of resource estimation for reporting later in the year.
Mining operations are well underway at Anson, with crushing plant commissioning due to commence in late July ahead of ore haulage to port starting in early August.
'It's one thing to find an iron ore deposit but clearly something special for it to be 100 kilometres from one of the world's great iron ore ports, adjacent to existing operations where we have installed all the required capital, resolved transport and port solutions and started mining' commented David Flanagan, Atlas' Managing Director. 'The team are to be commended for a great job all round.'
About Atlas Iron Limited:
Atlas Iron (ASX:AGO) is an emerging producer and active explorer focused on the discovery and development of iron ore projects. With a growing number of high quality iron ore projects and one of the largest landholdings in the Pilbara (8,900km2) located close to infrastructure, the Company has created a successful business by targeting resources and reserves capable of being mined with relatively low capital expenditure.
Contact:
David Flanagan, Managing Director
Andrew Paterson, General Manager Geology
Atlas Iron Limited
Tel: +61-8-9476-7900
Fax: +61-8-9476-7988
www.atlasiron.com.au