Posted in | Iron Ore | Discoveries

Vector Resources Makes Iron Ore Discovery in WA

Vector Resources (ASX:VEC) has finished its first drill program in the Earaheedy project located in Western Australia north east of Wiluna. The project is a joint venture with Cazaly Resources (ASX:CAZ) which owns a 50% stake in the project. The drill program has 21 holes planned and the testing of the first one has been promising.

The drill program’s first reports have identified potential DSO type mineralization at the Cecil Rhodes Prospect which included more than 50% iron between 22 to 26 meters. There are follow up drill programs planned in the joint venture all through 2011.

The encouraging results have made the shares of both Vector Resources and Cazaly Resources climb. The statement from Vector Resources said that whilst it was very early days the joint venture parties were encouraged by the results to date.

They highlighted the potential of the joint venture portfolio to host a large scale iron ore deposit. Vector Resources also said that the exact extent of mineralization was not yet clear but drilling intersections found ore at various levels including 22m at 58.1 per cent Iron, 22m at 57.8 per cent Iron and 26m at 55.1 per cent Iron.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.


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