Spitfire Resources announces it has completed drilling at its Tally-Ho Manganese Deposit; confirms a significant north-eastern extension to the mineralisation.

 
 
Spitfire Resources Limited (ASX: SPI - "Spitfire" or "the Company") is pleased to advise that the recently completed drilling program at its Tally-Ho Manganese Deposit in the Pilbara region has confirmed a significant north-eastern extension to the mineralisation.
 
The drilling program comprised a total of 18 RC drill holes for 692m (including five pre-collars for 80m) to test for interpreted extensions to the deposit as well as nine diamond holes for 330m to enable an accurate determination to be made of the manganese seam width and grade.
 
Geological logging of the samples indicates that all but two of the RC drill holes and all of the diamond drill holes intersected visible manganese mineralisation. The HQ diamond core has greatly improved Spitfire's geological knowledge and will assist with the downstream exploration targeting process.
 
The latest drilling has extended the area of known mineralisation beyond the current JORC resource envelope (approximately 200m by 230m) to an area 670m long and averaging 210m in width. The mineralisation remains open to the north-west, north east and south-east.
 
RC drill samples have been dispatched to Ultratrace Laboratories for assay analysis. An assessment of the diamond core will be made prior to commencement of metallurgical test work.  A full suite of results is expected to be received by early 2010.
 
This data will then be provided to the Company's resource modelling consultants, Optiro Pty Ltd, to update the preliminary JORC compliant resource announced in September 2009.
 
The Company is also currently completing a detailed interpretation the results of the recently completed airborne EM survey over the broader Target Area which includes the Tally-Ho Deposit.  Numerous areas of interest have already been identified from this work.
 
Tally-Ho is part of the Company's 80%-owned South Woodie Woodie Project.
 
Competent Person's Statement
 
The information in this Report relating to Exploration Results and Mineral Resources is based on information compiled by Mr. N. Cull who is a Member of the Australian Institute of Geoscientists. Mr. Cull is Exploration Manager for Spitfire Resources Ltd, and consents to the inclusion in this type of Report of the information as presented. He has sufficient experience relevant to the style of mineralisation and to the type of activity described to qualify as a competent person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.'
 
About Spitfire Resources
 
Spitfire Resources Limited (ASX Code: SPI) is an emerging Australian resource development company focused on the carbon steel materials sector. Spitfire's flagship asset is the South Woodie Woodie Manganese Project, which is located approximately 50km down-strike to the south from the 1Mtpa Woodie Woodie Manganese Mine in the East Pilbara region of Western Australia.
 
Spitfire's initial exploration success at South Woodie Woodie has been within the Southern Target Area, where it has defined a near-surface manganese deposit at the Tally-Ho Prospect, in an area which has had little historical exploration.
 
Spitfire's principal focus will remain the exploration and evaluation of manganese deposits in the East Pilbara, although it has also acquired a portfolio of advanced thermal coal projects in Tasmania and prospective base metals tenure in the Northern Territory which offer the potential for future diversification.