SRK Reports 557Mt of Indicated Compliant Resource and 87Mt of inferred Compliant Resource

Ironstone has received its second NI 43-101 resource report from SRK Consulting (Canada) in November 2011. The new report combines the Rambling Creek and North Whitemud River deposits.

The mineral resources are reported at a 25% Fe cut-off based on information gathered for the Whittle economic analysis that incorporates assumed mining costs and value of product extracted. Table 15.10 and Table 15.11 illustrate the sensitivity of the indicated and inferred mineral resources to various cut-off grades.

The Mineral Resource Statement for the Rambling Creek iron deposit is presented in Table 15.12.

Ironstone Acquires Clear Hills Permits

Ironstone is please to announce it has successfully acquired an additional 61,524ha of exploration permits in the southern Clear Hills. The acquisition is in keeping with the company’s strategy to continually expand its iron and vanadium resources in its core area.

July 18 Site Visit

Ironstone was pleased to tour several interested parties around its Smoky River property, the towns of Fairview and Worsley and its Rambling Creek bulk sample pit (pictured here). Seen in the photo are Xiao-Wei Feng, Victor Tsao, Hon. Chris Warkentin (MP, Peace River), Jay French, David Thiessen (Ironstone), Robin Birchall and Paul Chamois.

Ironstone Sponsors Hector Goudreau Golf Tournament

Ironstone was a Silver Sponsor at Hon. Minister Hector Goudreau’s annual golf tournament, with this year’s contest at Eaglesham on July 28. The company team was comprised of Barry Caplan (President) in addition to three company shareholders (from left) Abe Neufeld, Larry Farquarson and Brad Esau.

Ironstone was also pleased to see Tina Simard win an iPod Touch, which was donated as a prize to the tourney. Shown below is Tina accepting the prize from Roch Bremont, tournament organizer, with Hon. Hector Goudreau to the right.

Bulk Sample Stockpiled

Ironstone is currently furthering its process flow development for the production of metallic iron and vanadium pentoxide. Ten thousand tonnes of ore were collected from the bulk sample pit and stockpiled on the company’s Hines Creek property for shipment to pilot plants in Q3 2011.

A view of the Hines Creek ore stockpile

A view of the Rambling Creek bulk sample pit looking NW

Drilling Work Completed

In March, 2011, Ironstone completed 144 diamond core holes (12,000m total drilling) in the Clear Hills.  Sampling has been completed on the core, with close to 5000 samples selected for analysis.  An independent, certified laboratory in Ontario, Canada will carry out the analysis, the results of which are anticipated early this summer.  This information will then be incorporated into Ironstone’s second NI 43-101 on the Clear Hills project.

The blue squares indicate completed holes.  

***Note: while 160 holes were originally planned, the drilling program was adjusted while in process as a result of weather conditions and strategic planning

Bulk Sample Pit Work Completed

Ironstone successfully completed excavation of its bulk sample pit at Rambling Creek and removal of 10,000 tonnes of ore for process trials. The site has been fenced, with mandated rollbacks in place.

Clear Hills Drilling Program Update

Drilling has been progressing well, with 95 of the planned 160 diamond core holes have been completed. With five rigs currently drilling onsite, drilling is expected to wrap up within 2 weeks.

Bulk Sample Pit Update

Ironstone has made excellent progress in opening its bulk sample pit. In the next 10 days, 10,000 tonnes of ore will be removed and stockpiled in advance of metallurgical pilot operations to commence in the second quarter of 2011.

Ironstone to Exhibit at PDAC 2011

Ironstone Resources will be exhibiting at PDAC 2011 in Toronto in early March and invites you to drop by its booth to learn more about its exciting Clear Hills iron and vanadium project. Bruce Smith (Manager, Engineering) and David Thiessen (Manager, Business Development) will be on hand to guide visitors through the company’s latest developments. Ironstone will be exhibiting at Booth 2903.