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Main ForumGiralia hits 30Km long strike

  • GIRALIA RESOURCES NL (ASX:GIR) ------------------------------------------------------- Strong results from Yerecoin resource drilling ------------------------------------------------------- Exploration Update | Drilling Report -------------------------------------------------------

    At the mining rate envisaged in the Scoping Study (7.5mtpa) this will equate to around 20 years of production.
    Assays and DTR results received from the resource drilling (59 holes/7549 metres), show significant results over the 30 kilometres of strike, including; 96 metres @ 34.8%Fe (DTR 71.3%Fe, 1.0%SiO2, 45.7% weight recovery), 125.1 metres @ 32.7%Fe (DTR 69.8%Fe, 2.8%SiO2, 38.8% weight recovery), 82.8 metres @ 32.1%Fe (DTR 70.9%Fe, 1.3%SiO2 , 37.2% weight recovery), 73 metres @ 33.4%Fe (DTR 71.6%Fe, 1.6%SiO2 , 37.7% weight recovery and 68 metres @ 35.7%Fe (DTR 71.4%Fe, 0.9% SiO2, 39.6% weight recovery).
    In addition to the maiden JORC resource estimate which is now underway, substantial additional metallurgical testwork to establish preferred product specifications is being initiated, along with the commencement of Pre Feasibility engineering, marketing, environmental and groundwater studies. R M Joyce 18 May 2010 DIRECTOR

  • GIRALIA ASX GIR is one of my long term holds... they have given me a 10x return for their actual shares and their spin offs have done very well as well. If I'd just bought GIR and no other company I would be very, very rich. And as the above shows there is a lot more to come.

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