RE: Very Encouraging6 May 2021 08:56
Highlights:
o Drilling completed in March 2021, with 53 Reverse Circulation (RC) holes for 3,350m of shallow drilling across priority High Grade Direct Shipping Ore ("DSO") targets.
o 3 main target areas drilled, including Sirius Extension
o Results received to date from 17 holes. Best results to date include:
o 26m @ 54.3 % Fe from surface, including 13m @ 61.5 % Fe from 2m depth hole AM21RC001 006.
o 18m @ 55.1% Fe from surface hole AM21RC001 016.
o 10m @ 55% Fe from 3m hole AM21RC001 012.
o 66m of Banded Iron Formation (BIF) intercepted in hole AM21RC001 027 with results pending.
o Drilling confirms new iron ore zone targets in permit area
o Interpretation work outlines much larger target areas for follow up
o Assay results of remaining 36 drill holes expected during the month of May.