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GWR Group (ASX:GWR) - Non Executive Deputy Chairman, Tan Sri Dato Tien Seng Law - The Market Herald
Non Executive Deputy Chairman, Tan Sri Dato Tien Seng Law
Source: The Edge Markets
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  • GWR Group (GWR) has received results from a reverse circulation (RC) drilling program at the C4 iron deposit in WA
  • 43 RC holes were drilled to test the continuity of the mineralisation at the proposed stage one open pit
  • Pleasingly, drilling intersected significant widths of high-grade low-impurity mineralisation, peaking at 65.1 per cent iron
  • Now, GWR has engaged Dynamic Drill and Blast Holdings (DDB) to provide a drill rig and blasting services, with work scheduled to begin in the next week
  • GWR is steady on the market with shares currently trading for 16.5 cents

GWR Group (GWR) has received results from a reverse circulation (RC) drilling program at the C4 iron deposit in WA.

The C4 deposit spans 1.4 kilometres in length and is part of the Wiluna West Iron Ore Project in Western Australia.

43 RC holes, for 1185 metres, were drilled to test the continuity of the mineralisation at the proposed stage one open pit, where mining is scheduled to begin in the first week of December.

Pleasingly, drilling intersected significant widths of high-grade low-impurity mineralisation.

Best results include 16 metres at 65.1 per cent iron from 14 metres, 11 metres at 64.7 per cent iron from 19 metres, and 27 metres at 64.3 per cent iron from one metre.

"The results received from this drilling campaign designed to test the continuity of mineralisation within the C4 optimised stage 1 pit were consistent with those predicted," Chairman Gary Lyons said.

"Furthermore, the results from the step-out drilling were highly encouraging, with significant high-grade intersections south and outside of the optimised pit, providing opportunity to extend the stage one pit," he added.

Now, GWR has engaged Dynamic Drill and Blast Holdings (DDB) to provide a drill rig and blasting services, with work scheduled to begin in the next seven days.

GWR is steady on the market with shares trading for 16.5 cents at 1:41 pm AEDT.

GWR by the numbers
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