August 28, 2008

Giralia confirms iron potential at McPhee Creek

Giralia Resources NL has confirmed the potential of direct shipping grade channel iron mineralisation from reverse circulation drilling at the McPhee Creek iron ore project in Western Australia.

Previous iron ore exploration at McPhee Creek by Amoco Minerals in the early 1980's outlined a substantial CID outcropping as a mesa up to 3.5 kilometers long.

The initial drilling program by Giralia at McPhee Creek comprised 43 shallow RC holes on a 100 meter by 50 meter pattern testing the central 1.4 kilometer section of the main Crescent Moon mesa.

New drill intersections include 12 meters at 56.1pc iron, 10 meters at 57.2pc, 14 meters at 55.9% with mineralization commencing at surface.

Following completion of data collection and validation, an initial resource estimate will be completed for the central portion of the McPhee Creek mesa drilled to date.