Spitfire Resources confirms near surface manganese deposit
Wednesday, 01 Jul 2009
It is reported that 80% of Reverse Circulation holes drilled by Spitfire Resources have intersected near surface manganese grades ranging up to 27.9% Mn at Tally Ho deposit in the East Pilbara region of Western Australia.
Importantly, metallurgical test work undertaken has indicated that the in situ Tally Ho seams can grade up to 46% Mn. It also revealed that contaminants lead, phosphorous, and sulfur all reported very low values.
Spitfire said that while the individual seams are narrow, the overall mineralized envelope has potential to form a mineable width from an open cut mining perspective subject to economic parameters and completion of appropriate mining studies.
Mr James Hamilton MD of Spitfire said that "We are very encouraged by this discovery which we expect to underpin the Company’s first JORC compliant resource estimate. Our next steps are to calculate an Inferred Resource for the currently defined zone of mineralization and consider a program of follow-up diamond drilling to better understand the mineralization and potential mining options."
He added that the company remains firmly committed to its strategy of exploring for high grade Woodie Woodie style manganese deposits and, a new program of mapping and geophysics will commence shortly.
Spitfire is focused on taking advantage of the booming commodity market via the exploration and rapid development of its prospects within the East Pilbara region. It is also the intention of Spitfire to actively investigate and acquire additional well located prospective mining tenements both in Australia and offshore as its presence as an emerging company in the resources sector grows
