IRD 4.17% 23.0¢ iron road limited

Ann: 2010 Work Programme , page-2

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    Iron Road outlines 2010 work program
    09:02, Tuesday, 15 December 2009

    Sydney - Tuesday - December 15: (RWE Aust Business News) - Iron
    Road (ASX:IRD) has outlined its intended work program for 2010 with
    respect to ongoing work at the flagship Central Eyre iron project
    and the West Gawler project, South Australia.
    It strengthens independent interpretation suggesting an
    exploration potential of 2.8-5.7 billion tonnes of magnetite gneiss.
    Iron Road has set a goal of increasing the inferred mineral
    resource estimate across the Central Eyre project to 500mt in
    2010.
    Approvals for the first drilling of 12,600m at the Central Eyre
    have been received and drilling is to commence 5th January 2010.
    Other drilling programs are planned at the Central Eyre iron
    project utilising results from the recent detailed aeromagnetic survey
    and a structural study.
    In addition to the work described, Iron Road will continue with
    pre-development processes that include metallurgical test work and
    beneficiation optimisation, investigation of a number of available
    infrastructure options, project scoping and resource evaluation.
    Exploratory drilling at the West Gawler project is to commence in
    Q110 on the successful completion of a detailed gravity survey.
    A heritage clearance survey is planned to occur before the end of
    2009.
 
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