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Queensland-based Australian miner Cerro Resources NL has announced the initial results of diamond drilling at its wholly-owned hematite iron ore prospecting areas at Mt Philip in Queensland.
 
The best drilling results include 50.6 percent iron ore grade at 52.3 m, 52.2 percent iron ore grade at 95.5 m and 50.2 percent iron ore grade at 67.7 m. The company started its diamond drilling program at Mt Philip at the end of March this year.