Highlights
· 80% of surface samples returned over 50% iron (Fe)
· 40% of surface samples returned over 55% iron (Fe)
· Iron-enriched surface duricrust further confirmed by sampling
WA nickel explorer Condor Nickel Limited (ASX:CNK) is pleased to announce that exploration drilling is continuing to indicate the potential for a significant iron ore resource at its Dingo Range Project. The Dingo Range project is located in greenstone belt some 450 kilometres north of Kalgoorlie–Boulder and 150 kilometres south east of Wiluna (refer Figure 1).
Recent work at Dingo Range has included drilling and additional surface rock chip sampling.
Target Areas 1 to 8 were identified as targets in previous exploration programmes at Dingo Range (refer Figure 3). Recently completed surface sampling has further confirmed the presence of an iron enriched surface duricrust.
Sampling on E53/1380 and E53/1377 was carried out over a total strike length of approximately 14 kilometres and within an estimated area of 5.8 sq kilometres. Of 52 samples taken, 42 samples (80% of samples) assayed over 50% Fe; and 21 samples (40% of samples) assayed above 55% Fe (refer Table 1).
Figures 4 – 7 illustrate sample locations within E53/1380 and E53/1377 where assay results (including previously reported samples) of greater than 55% Fe were obtained. Assays for samples to date with greater than 55% Fe are shown in Table 2.
The geology of the Target Areas includes a Banded Iron Formation which has significant continuity within the Dingo Range greenstone belt and is the probable source of the secondary iron surface enrichment.
It is proposed that further geological and geophysical mapping in the field is required to locate the iron-rich layers of the Banded Iron Formation and to identify reverse circulation (RC) drill targets to enable assessment of iron ore potential at depth.
A shallow reconnaissance RAB drilling programme has been recently completed in the Target Areas 1 to 8 with a first pass composite sampling of 1 metre, 2 metre and 4 metre intervals. Results for this initial sampling programme have not yet been received but are expected later this month.
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