FE Limited: High Grade Iron Ore results received from Strelley Tenement in the North Pilbara
(firmenpresse) -
Highlights:
- High grade rock chip results returned for Iron in the Strelley tenement E45/4735.
- Samples taken directly along strike from the previously mined Atlas Abydos project.
- High grade rock chips include:
- ST002: 61.3% Fe, 3.97% SiO2, 0.72% Al2O3, 0.012% P, 0.034% S, 7.39% LOI.
- ST003: 58.1% Fe, 3.6% SiO2, 1.38% Al2O3, 0.152% P, 0.008% S, 11.21% LOI.
- Close to existing infrastructure.
- Extension of mineralised lithology interpreted to continue from the VentureX Sulphur Springs VMS project into the south eastern corner of the tenement.
- Follow up field work planned for week beginning 9 September 2019.
5 September 2019 - Fe Limited (ASX: FEL) (FEL or the Company) recently entered into an earn in agreement with Macarthur Minerals Limited (Macarthur) in respect of 18 tenements in the Pilbara ranging from south of Nullagine to north of Pilgangoora. The tenure is prospective for lithium, gold, copper, base metals and iron ore with many known deposits within and around the tenure and the eastern Pilbara in general.
As part of a recent reconnaissance trip including a visit to Strelley (E45/4735), samples were taken from the outcropping BIF found continuing along strike from the previously mined Atlas Abydos project, refer Figure 1 for location map. Two samples were taken from iron rich outcropping banded iron formation with both returning significant results, see Figures 2 and 3 and Table 1 for these results and coordinates.
Figure 1. Sample Location Map
https://www.irw-press.at/prcom/images/messages/2019/48770/0403 - Strelley Project Announcement3_PRcom.001.jpeg
Figure 2 - photo of ST002
https://www.irw-press.at/prcom/images/messages/2019/48770/0403 - Strelley Project Announcement3_PRcom.002.jpeg
Figure 3 - photo of ST003
https://www.irw-press.at/prcom/images/messages/2019/48770/0403 - Strelley Project Announcement3_PRcom.003.jpeg
Table 1 - Sample Locations and Results
STRELLEY
Rock Chip Assay Results
SAMPLELatitude Longitude Al2O3Fe MgO Mn P S SiO2LOI
% % % % % % % %
ST002 21° 119° 0.72 61.3 0.010.0470.0120.0343.977.39
7''33.02" 8''14.99"E
S
ST003 21° 119° 1.38 58.110.050.0990.1520.0083.6 11.21
7''30.83" 8''15.50"E
S
In addition, an aerial review of the geological mapping and photography in the south eastern corner of the tenement shows a continuation of the marker chert found adjacent to the mineralised outcropping gossan (surface expression of the host VMS mineralogy) in the VentureX Sulphur Springs deposit to the south.
Field work has been planned to look for gossan or signs of similar mineralisation occurring within E45/4735 in the week beginning 9th September 2019.
Non-Executive Chairman Tony Sage says: This, together with the Companys recent announcement of high grade copper results is very exciting for our shareholders. Also, this area is very close to existing infrastructure built by Atlas Iron.
Yours faithfully
FE LIMITED
Tony Sage
Non-Executive Chairman
END
Board of Directors:
Tony Sage
Non-Executive Chairman
Mark Hancock
Executive Director
Nicholas Sage
Non-Executive Director
Contact:
www.felimited.com.au
32 Harrogate St, West Leederville
Western Australia 6007 Australia
Telephone +61 8 6181 9793
Email ir(at)felimited.com.au
Fe Limited is an Australian domiciled mineral resources exploration and development company.
COMPETENT PERSON
The information in this presentation that relates to Exploration Results is based on information compiled by Mr Olaf Frederickson. Mr Frederickson is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Frederickson is a consultant to Fe Limited and consents to the inclusion in the report of the Exploration Results in the form and context in which they appear.
To view entire original news, please follow the link: https://www.asx.com.au/asxpdf/20190905/pdf/4487ydp5dc1knl.pdf
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Datum: 06.09.2019 - 03:41 Uhr
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