HIGHLIGHTS The Company is pleased to announce the presence of significant visual Marra Mamba iron ore mineralisation in diamond drill hole UI 201 at the Railway prospect. Hole UI 201, located 400 metres east of UI 199 (40metres of significant visual Marra Mamba iron ore mineralisation reported 21-02-08) has intersected 30 metres of significant visual Marra Mamba iron ore mineralisation between 38 and 68 metres vertical depth. The hole was completed at 68.78m ending in BIF. Hole UI 202, located 320 metres north of UI 199, has also intersected visual Marra Mamba iron ore mineralisation starting at 48.1m. This hole has been suspended at 48.7m due to a scheduled drilling break. Drilling will recommence in 1 weeks time to deepen this priority hole. Hole UI 200, located 160 metres south of UI 199, intersected thin mineralisation before ending in BIF at 40 metres vertical depth. Assays are awaited for these holes. These holes are part of a series of holes designed to test for eastern and northern extensions of the Railway Prospect mineralisation between the discovery line 673080mE and the tenement boundary approximately 1000 to 1200 metres east of the discovery line.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
