Cerro Resources-Mt. Philp Haematite Iron Prospect: Further Diamond Drill Results

Cerro Resources NL (ASX:CJO,TSXV:CJO) reports its diamond drill results for its Mt. Philp Haematite iron prospect in Australia.

The press release is quoted as saying,

Drillholes MP-007 and MP-008 did not intersect the main ironstone body. Subsequent detailed mapping indicates that tight folding in the ironstone has locally flipped the dip of the ironstone to the east in this location and the holes drilled parallel to the body. A horizontal drillhole from the MP-007/008 pad will test this interpretation.

For the complete press release, click here.