Radar Iron discovers 24m at 57.4% iron at strategically located project in the Yilgarn region

Radar Iron's (ASX: RAD) high grade 24 metres at 57.4% iron from 8 metres intersection is one of a recent string of very positive results to come from the company's Johnston Range and Evanston project areas, which are strategically located in the Yilgarn region of Western Australia.

The latest highlight is from a reverse circulation drilling program which was completed at the end of 2011, covering just over 6000 metres in 77 holes - testing hematite targets generated from mapping and geophysical evaluation over the projects.

Additional highlights from Evanston include; 6 metres at 61.7% iron from 24 metres; and 8 metres at 59.1% iron from 12 metres.

Further drilling is planned to test the strike and depth extent prior to potential resource evaluation, with Radar identifying the potential for mineralisation suitable for economic extraction has been reinforced by this drilling with the indication of pods at over 55% iron and up to 300-400 metres in length and 20 metres wide.

Jonathan Lea, managing director, commented on the positive results:

“These results are an important step in the process of defining our initial hematite resources. The drilling has confirmed the potential for hematite mineralisation and more detailed drilling is now required to enable resource evaluation and further drilling approvals are pending.”

Radar remains well funded with $2.6 million in cash at the end of 2011.


Johnston Range in exploration infancy

At Johnston Range drilling has only so far tested the obvious and high priority targets, and the presence of multiple BIF bands and the variable strike length of the mineralisation means there are a significant number of potential targets generated from mapping and geophysics yet to be drill tested.

Radar has access to more than 1,100 square kilometres of tenements with the potential to host iron ore mineralisation.


BIF formation

The prospects tested lie around the Horse Well Anticline that defines the 40 kilometre long belt of BIF on the Johnston Range tenements, and also an adjoining BIF ridge on the Evanston project.

What is essentially very important and builds the anticipation of Johnston Range is that it is comprised of multiple bands of BIF, providing a target of several hundred linear kilometres of BIF with potential for hematite enrichment.


News flow from Die Hardy Range Iron Ore Project

Around 20 kilometres from Johnston Range is Radar's further developed Die Hardy Range Iron Ore Project, which at the end of 2011 delivered a JORC Inferred and Indicated Resources of 353 million tonnes at 26% iron (20% cut-off grade).

At Die Hardy a Pre-Feasibility Study is on track for delivery at the end of 2012, with metallurgical testing currently underway. A new drilling program will also commence at the project in the short term.


Infrastructure builds potential

A major plus for Radar is the expectation of access to rail and port infrastructure, supported by the potential low capital cost of development.

The potential of the project is further boosted by the ore bodies of relatively small size with the grades and properties of the drill intercepts to date have the possibility to be viable for mining extraction.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/24415/radar-iron-discovers-24m-at-574-iron-at-strategically-located-project-in-the-yilgarn-region-24415.html