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Further strong hematite intersections for Haoma Mining August 24, 2009

Posted by Fortbridge in Mining.
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Haoma Mining NL reports further promising assay results from initial drilling of the main southern hill at the Mt Webber iron ore prospect.

Mt Webber is part of the Company’s Daltons Joint Venture (Haoma 25% interest with Giralia Resources NL (“Giralia”) 75% interest), located 150 kilometres south of Port Hedland in the Pilbara region of Western Australia. Haoma retains rights to 100% of the gold/silver and tin/tantalum mineralisation.

• Further assays received from initial iron ore drilling of main southern hill at Mt Webber.
• Hematite-Goethite mineralisation interpreted as a flat lying enrichment zone capping the main southern hill, 400 to 500 metres wide, 450 to 700 metres long with thicknesses 30 to 70 metres.
• Mineralisation starts at or close to surface on top of large hill so very minor pre strip and waste mining required.
• Initial resource estimate and Scoping Study to be commissioned on receipt assay results for remaining 5 holes.
• Project located only 150 kilometres south of Port Hedland, potentially close enough for trucking operation to port, and also close to existing rail.

Click here to view the full announcement.

For further information, please contact:

Gary Morgan: Chairman +61 411 129 094

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