Iron ore exploration company Winmar Resources has announced that, together with its joint venture partner for the Hamersley iron ore project, Cazaly Iron, a wholly owned subsidiary of Cazaly Resources has approved the budget for the next phase of exploration at the Hamersley project, in the Pilbara region of Western Australia.

The company revealed that the exploration programme is scheduled to be completed by mid-May 2013, and it will aim to deliver an upgrade of the projects mineral resource grade and tonnage.

The exploration programme will involve Level 1 fauna survey reporting, assay test work on 780 collected samples, metallurgy test work on 3 CID samples and detailed test-work on 2 DID samples designed to feed information into future mine plans and economic studies, as well as feed assaying and metallurgy test results into the resource model for a potential upgrade of resource tonnage and grade, with potential for an indicated resource.

The Winmar Exploration Joint Venture was formed upon Winmar earning its 51% beneficial interest in the Hamersley iron ore project – an advanced exploration target with major exploration upside and development potential.

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