Dynasty Metals said that field work and surface rock chip sampling has confirmed geological concepts and identified high grade haematite and CID’s up to 64.99% Fe and 58.84% Fe respectively, Strategy to focus on iron ore has been reaffirmed by keen interest from Chinese investors and clarification of access to port and rail infrastructure issues.
Field work in preparation for drilling at Warramboo and Prairie Downs has supported geological concepts, confirming the potential presence of substantial channel iron and haematite iron mineralisation: Warramboo results show presence of commercial grade CID’s in the Snakewood Prospect Prairie Downs results show presence of commercial grade CID’s and Marra Mamba formation in the Northern Iron Prospect and the Marra Mamba Prospect respectively.
Dynasty is planning to commence drilling Warramboo and Prairie Downs in August/September.
