Dynasty Metals Australia Limited this quarterly report is dated October 30th 2009 and is for the 3 months ending September 30th 2009.
Dynasty Metals Australia Limited is an Australian mining company that is listed on the Australian Securities Exchange with an ASX code DMA. During the quarter, 8,000 meter of drilling on Dynasty's Pilbara Iron Ore projects at Warramboo, Prairie Downs commenced in late August and completed on the 26th.
At Prairie Downs, drilling confirmed the presence of thick sequences of Marra Mamba Formation in the Marra Mamba Prospect, Detrital Channel Iron and Channel Iron Deposits in the Spearhole Prospect and the Northern Channel Prospect which are all consistent with geological models October 2009
Assay results from the Marra Mamba Prospect reported during the quarter show the presence of DSO grade material. Analysis of the Channel Iron drill cuttings is in progress
At Prairie Downs there are substantial near surface contiguous deposits representing several hundred million tonnes and containing concentrations of iron which may be beneficiated to competitive market grades with very low phosphorous and easy mining conditions
The assay results will be interpreted when received and further exploration at Prairie Downs during the 2009 to 2010 season will be designed to gain a more detailed understanding of these prospects and the potential for development.
Exploration at Prairie Downs included collection of bulk samples from the substantial iron rich basal conglomerate with hematite clasts, referred to as the Homestead Prospect. Warramboo results proved as expected, the presence of Channel Iron Deposits and further follow up work is planned for the 2009 to 2010 season
