Closed at 15c
Ann. 18 June
DETAILED MAPPING CONFIRMS STRIKE AT
WOOLSHED IRON ORE PROSPECT,
25 KM NORTH OF MT GIBSON, W.A.
Prosperity Resources Limited (ASX: PSP) and Mawson West (ASX:MWE) are pleased to
announce results following a recent detailed mapping programme on the Woolshed Prospect
as recommended by Hematite Consultants.
Present indications show a potential exploration target size of approximately 50-60MT of
Prosperity Resources Ltd’s Managing Director, Mr Ric Dawson said “This detailed mapping
programme, which is testing an area with a strike length of 4 kilometres, will now progress to
drilling to test from iron enrichment at depth.”
Follow up iron analysis results from the mapping programme should be released in about two
weeks and in the coming quarter RC drilling will commence after sourcing a suitable drill rig.
Mr Dawson said, “With close proximity to Gindalbie Metals Ltd’s Karara Iron Ore deposits,
Mt Gibson Iron’s Extension Hill deposits and the existing road infrastructure, the
prospectivity for this area is significant.”
For further information contact: