Assay Results Positive from Giralia’s Mt Webber Iron Project

26 August 2009 (Last Updated August 26th, 2009 18:30)

Giralia Resources said final assay results from its initial drilling at the main southern hill at the Mt Webber iron project in the Pilbara region of Western Australia have returned significant hematite mineralisation. Mt Webber is part of the company’s Daltons joint venture with Haoma

Giralia Resources said final assay results from its initial drilling at the main southern hill at the Mt Webber iron project in the Pilbara region of Western Australia have returned significant hematite mineralisation.

Mt Webber is part of the company’s Daltons joint venture with Haoma Mining, located 150km south of Port Hedland.

The low alumina mineralisation starts at or near the surface and appears to be a flat lying hematite-goethite enrichment cap up to 70m thick, Giralia said.

The initial drilling produced outstanding results with every hole drilled returning significant haematite intersection, Giralia chairman Graham Riley said.

“This discovery, with its thick ore zones and low alumina, covers only a portion of the potential iron ore mineralisation in the area, and we are confident of further discoveries,” Riley said.

Riley said the deposit is very close to surface with minimal requirement for waste removal, and is located close to port, road and rail infrastructure.

The company will begin initial resource estimate using the drill data after completing the ongoing final database validation and interpretation.