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Golden Dory Resources Receives Airborne Gravity Gradiometer Report; Potential DSO targets identified at Iron Horse
(via Thenewswire.ca) GANDER, NEWFOUNDLAND - August 1, 2013 - Golden Dory Resources C...
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[{"type":"text","content":"Golden Dory Resources Receives Airborne Gravity Gradiometer Report; Potential DSO targets identified at Iron Horse(via Thenewswire.ca)\n\n \nGANDER, NEWFOUNDLAND - August 1, 2013 - Golden Dory Resources Corp., TSX.V: GDR (\"Golden Dory\") is pleased to announce that it has received from Fugro Airborne Surveys Corp., the Interpretive Report on the recently completed FALCON Airborne Gravity Gradiometer survey over its 100% owned Iron Horse property in the Labrador Trough.\n\n\n \nThe Fugro report, which incorporated airbone magnetic data from 2008, as well as geological and diamond drill data from 2012, has outlined several target areas that share characteristics suggestive of DSO (direct shipping ore). The largest target area lies immediately south of Anomaly D where surface sampling has returned in excess of 53% Fe and where diamond drilling in 2012 returned numerous intercepts including 120.93 meters grading 30.08% Fe from GL12-03. Locally higher grades were also intersected including a 20.75 meter section from GL12-04 that averaged 41.02% Fe within an 87.49 meter interval that averaged 34.03% Fe. \n\n\n \nThe Fugro report states; \"The holes were centered over the strong magnetic anomalies, however.....the strongest density responses on Anomaly D likely lie to the south. Given that the magnetic signature is weaker to the south, it is possible that the strong gravity anomaly corresponds with more of a DSO type rather than taconite style mineralization.\" \n\n\n \nThe gravity anomaly is centered approximately 600 meters south of the 2012 drilling and extends for approximately 1.8 kilometers south of the 2012 drilling. \n\n\n \nThe Iron Horse property is host to two new and potentially significant Iron Ore discoveries made by Golden Dory in late 2012 on the 400 claim (10,000 ha) property located approximately 55 kilometres east of the common carrier rail line servicing the Schefferville Mining District. A total of eight holes were drilled in 2012 testing two of four previously untested magnetic anomalies (Anomalies A and D), and all holes successfully intersected significant thicknesses of iron formation including hole GLAA12-02 which returned 354 metres grading 27.8% Fe from Anomaly A in the northern portion of the property. As the Fugro report points out, all previous drilling focused exclusively on magnetic targets, no holes w...