Image Resources NL

Image Resources NL (ASX:IMA) (PINK:IMREF) has encountered further high grade heavy minerals at its newly discovered 16km-long target zone at Gingin in the North Perth Basin.

FINANCE VIDEO: Image Resources (ASX:IMA) CEO George Sakalidis Speaks at RIU Sydney Resources Round-up.

Image Resources NL (ASX:IMA) (PINK:IMREF) has identified excellent heavy mineral (HM) grades within its Gingin (E70/3032, Image 100%) and Chandala (E70/2742, Image earning 70%) tenements in the North Perth Basin. An extensive target zone more than 16km in length has been defined by detailed ground magnetic surveys along the Gingin scarp which has historically been the site of a number of world class ore bodies including Eneabba and Cooljarloo.

Image Resources (ASX:IMA) Quarterly Report for Period Ending 31 March 2010

ABN Newswire stocks to watch today include: Marion Energy Limited (ASX:MAE), Texon Petroleum Limited (ASX:TXN), Magnetic Resources (ASX:MAU), Image Resources NL (ASX:IMA) (PINK:IMREF), Pacific Enviromin Limited (ASX:PEV), Krucible Metals Limited (ASX:KRB), and Havilah Resources NL (ASX:HAV).

Image Resources NL (ASX:IMA) (PINK:IMREF) is about to commence the measured resource estimate for its Atlas heavy mineral deposit. The results of this work are expected to demonstrate how attractive this heavy mineral resource is to both end users and producers and allow Image to determine, on a more informed basis, how best to commercialise the project.

Image Resources NL (ASX:IMA) (PINK:IMREF) infill drilling programme that will support a measured resource estimate at Image's high grade Atlas project is complete. This drilling closes the drill hole pattern to 100m x 20m, and brings the number of holes drilled at Atlas to 1,721, for a total of 22,130m. Forty percent of the sample processing is complete. Results so far confirm the high grades found last year and have extended high grades 200 metres to the south.

Image Resources NL (ASX:IMA) (PINK:IMREF) is pleased to provide a Quarterly Activities Report For The Period Ended 31 December 2009.

ABN Newswire stocks to watch today include: Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), Image Resources NL (ASX:IMA) (PINK:IMREF), Havilah Resources NL (ASX:HAV), Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF).

As previously reported, Image Resources NL (ASX:IMA) (PINK:IMREF) completed a 402-hole, 16,308m aircore drilling programme at Serpentine Lakes in the Eucla Basin, following up its earlier drilling which intersected significant thicknesses of zircon-rich heavy minerals (HM). Zircon comprises up to 45% of the HM assemblage and is of great significance because it is the highest value mineral normally found in HM deposits.