Transit Holdings [ASX: TRH] - Transit confirms magnetite potential of Johnston Range Iron Project, WA Transit Holdings Ltd (ASX: TRH) announces results of an initial assessment of the magnetite potential of its wholly owned Johnston Range Iron Project in the Koolyanobbing belt north of Southern Cross in Western Australia. Key points: * Results of an assessment of the magnetite potential show grades in line with other highly prospective magnetite iron ore projects in Western Australia * Work focused on 35km long sequence containing a number of sub-parallel Banded Iron Formations * The assessment is an extension of previous work completed on the exploration of haematite direct shipping ore Initial assay results at the Project have returned excellent intersections of magnetite. In assessing the magnetite potential of the Project the Company has sampled and assayed drill cuttings from a previous drilling programme which intersected magnetite-rich BIF, confirming grades in line with other highly prospective magnetite iron ore projects in Western Australia. Please refer to the attached announcement for details including a table. For further information, please contact: Richard Monti Executive Director Tel: +61 8 9482 0515 Morgan Barron Company Secretary Tel: +61 8 9482 0515 Media: Fortbridge Consulting Tel: +61 2 9331 0655 Luke Dean Mob: +61 414 535 433 Fortbridge.NET is a specialist web-based service for clients ("Issuer") of Fortbridge Consulting Pty Ltd. DISCLAIMER: The message and attachment issued with this email may contain "forward-looking statements", which are projections that reflect the Issuer`s reasonable beliefs based on information currently available. Fortbridge is a Public Relations consultancy. PRIVACY: You have been regarded as a relevant contact through research. Please consider the environment before printing this document.
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