Forrestania Resources Ltd (ASX:FRS) has confirmed the presence of hematite and goethite-bearing iron formations over the Kooly Fe South target in rock chip sampling at the Koolyanobbing Iron Ore Project in the Yilgarn Craton of Western Australia.
Forrestania recently entered into an option agreement to acquire Koolyanobbing, a prospective iron ore asset adjacent to Mineral Resources’ Koolyanobbing iron ore operations.
Under the option agreement, Forrestania can acquire 100% of the issued shares in Netley Minerals, the project exploration licence and rights holder.
Forrestania has a three-month option, from last week, during which it is to drill test several hematite targets identified by Netley and its advisors using in-house modelling.
Iron grades confirmed
The rock chip sampling has confirmed iron grades and hematite prospectivity over 6 kilometres of strike of the southern iron target (Kooly Fe South) at Koolyanobbing. The results show outcropping precursor rocks with surface hematite, consistent with the geological setting, supporting higher grades at depth.
Laboratory analysis using portable X-ray fluorescence (pXRF) and X-ray fluorescence (XRF) has confirmed the iron grades, while XRD analysis confirmed hematite-dominated iron formations over the highest priority targets.
Forrestania Resources chairman John Hannaford said: “Laboratory results from rock chip sampling programs over the Kooly Fe South target area are very encouraging, confirming the presence of hematite and goethite. These results support our targeting methodology and align with our geological expectations."
A heritage survey is now underway, while all other regulatory approvals have been granted for drilling, which is set to begin as soon as heritage clearance is completed.
Rock chip analysis
The three rock chips were analysed using pXRF at Intertek Minerals. Additionally, 41 samples were collected and analysed by laboratory XRF and Loss On Ignition (LOI) at Australian Laboratory Services (ALS).
Forrestania is encouraged by the results with iron grades confirming the presence of iron formations and several samples returning anomalous values.
Particularly notable is sample KRK00164, which is dominated by hematite and goethite mineralogy. RK00164 contained 57% hematite and 5% goethite (62% target iron minerals) and returned a grade (pXRF result) of 47% iron.
This sample was collected directly over Netley Minerals’ highest-ranking drill target, validating our targeting methodology and geological expectations.
Kooly Fe South Prospect location showing open file aeromagnetics, reported rock chip samples and high-priority drill targets.
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