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Haoma’s final hematite results show best intersections to date August 26, 2009

Posted by Fortbridge in Mining.
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Haoma Mining NL (ASX: HAO) reports final assay results from initial drilling of the main southern hill at the Mt Webber iron ore prospect. This comes off the back of HAO’s announcement two days ago. 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.

Highlights:

• Final assays received for the last 5 holes from initial iron ore drilling at Mt Webber. More thick high grade low alumina intersections, including best results yet:
- Hole RCDW036; 68m @ 60.9% Fe, 0.7% Al2O3 from surface,
- Hole RCDW038; 38m @ 58.3% Fe, 0.6% Al2O3 from 4 metres depth,
- Hole RCDW040; 64m @ 55.6% Fe, 1.5% Al2O3 from surface (including; 30m @ 60.1% Fe, 1.0% Al2O3)

• Every hole on the main hill returned a significant hematite intersection.

• Database and interpretation is being finalised for an initial resource estimate and Scoping Study.

• There are nearby areas with the potential to expand the mineralised zone.

Click here to view the full announcement.

For further information, please contact:

Gary Morgan
Chairman
+613 9224 5213 (W)
+61 411 129 094 (M)

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