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From: Nigel
ArtDate: 19th December 2006
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 87.74.94.174
Date: 06/01/07
Time: 15:38
19th December 2006
Cape Lambert Iron Ore - Drilling Results
News Item - Conduit PR
CAPE LAMBERT IRON ORE LTD
“DTR INTERSECTION OF 202m IN HOLE MA210 (DOWN-DIP OF MA209) FURTHER EXTENDS MAGNETITE MINERALISATION”
Further to its announcement dated 12 December 2006, iron ore exploration and development company Cape Lambert Iron Ore Limited (ASX: CFE, AIM: CLIO) (the “Company”) is pleased to announce recently received DTR results for drill holes MA210, MA211 and MA208.
Drill hole MA210 has returned a DTR result of 202m (from 100m to 302m) at an average concentrate recovery of 35.3% by weight, 66.9% Fe, 5.4% SiO2, 0.35% Al2O3 and 0.006% P. Full details of this DTR intercept are set out in Table 1.
Drill hole MA210 is located approximately 200m to the southeast of drill hole MA209. DTR results for drill hole MA209 were released to the market on 12 December 2006, and are restated in Table 1.
The magnetite zone intersected in MA210, MA209 and MA211 is thought to represent the down-dip merged extension of the Upper and Lower mineralised units, and is open down-dip and along strike to the north and south. Step-out drilling of this zone is a first priority drilling target when drilling recommences in 2007.
Edward Portman Conduit PR Ltd 76 Cannon St London EC4N 6AE Office: +44 (0) 20 7429 6666 Direct: +44 (0) 20 7429 6607 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 773 3363 501
www.conduitpr.com
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