Image Resources NL

ABN Newswire stocks to watch today include: Focus Minerals Limited (ASX:FML), Australian Bauxite Limited (ASX:ABZ), Image Resources (ASX:IMA) (PINK:IMREF), Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) and FerrAus Limited (ASX:FRS) (PINK:FRRAF).

Infill drilling has commenced at Image Resources (ASX:IMA) (PINK:IMREF) high grade Atlas deposit in the North Perth Basin. The drilling is designed to upgrade the resource to measured status by increasing the drillhole density from 200m by 20m to 100m by 20m. Approximately 400 holes will be drilled, with completion of drilling expected by mid February.

ABN Newswire stocks to watch today include: Image Resources (ASX:IMA)(PINK:IMREF), Carbon Energy Limited (ASX:CNX)(PINK:CNXAF), Kingsrose Mining Limited (ASX:KRM) and Bandanna Energy Limited (ASX:BND).

Image Resources (ASX:IMA)(PINK:IMREF), following additional detailed ground magnetic surveys in the south eastern part of the Cooljarloo heavy mineral project (Image 70%), a revised interpretation has more clearly defined drilling targets along strike from existing defined resources.

ABN Newswire Stocks to Watch today include: Image Resources (ASX:IMA)(PINK:IMREF), Mission NewEnergy Limited (ASX:MBT), Atlas Iron Limited (ASX:AGO), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), Environmental Clean Technologies Limited (ASX:ESI), Kairiki Energy Limited (ASX:KIK)(PINK:KAIRF), and WestSide Corporation Limited (ASX:WCL).

Image Resources (ASX:IMA)(PINK:IMREF) is pleased to announce that it has appointed project management consultants Engenium Pty Ltd and its associated company, Pacer Engineers to assist in advancing the commercialisation of its heavy mineral assets in the North Perth Basin.

Image Resources (ASX:IMA) announces its quarterly report for the period ending 30 September 2009. Image has updated the resource at the Atlas heavy mineral (HM) deposit resulting in a significant upgrade.

Image Resources (ASX:IMA) has completed a 402-hole, 16,308m aircore drilling programme at Serpentine Lakes in the Eucla Basin, following up its previous 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 (approximately 10 times the value of ilmenite).

Image Resources (ASX:IMA)(PINK:IMATF) has begun the second phase drill programme over its 100%-owned Serpentine Lakes tenements in the Eucla Basin. The Image tenements contain the southern extension of Diatreme Resources' (ASX:DRX) Cyclone heavy mineral discovery where DRX has reported an Inferred Resource of 60 Mt at 3.1% HM (DRX ASX release 31 March 2008).

Image Resources (ASX:IMA)(PINK:IMATF) has begun the second phase drill programme over its 100%-owned Serpentine Lakes tenements in the Eucla Basin. The Image tenements contain the southern extension of Diatreme Resources' (ASX:DRX) Cyclone heavy mineral discovery where DRX has reported an Inferred Resource of 60 Mt at 3.1% HM (DRX ASX release 31 March 2008).