Image Resources NL
Perth, Mar 13, 2009 AEST (ABN Newswire) - As recently reported, Image Resources NL (ASX:IMA)(PINK:IMREF) has carried out infill aircore drilling on the Atlas resource to provide greater confidence in the grade and continuity of the mineralisation and to upgrade the status of the resource. The Atlas resource currently comprises an Indicated Resource of 1.9Mt at 4.9% HM (2.5% HM cut off) and an Inferred Resource of 9.7Mt at 5.8% HM (2.5% HM cut off) containing a total of 660,000t of HM. Results from a further 1,000 samples from this programme have been received and are summarised in the attached table. Upon receipt of the remaining results, due in the next two weeks, the Atlas resource model will be updated.
Infill drilling to nominal 200m x 20m centres on the Atlas resource at Cooljarloo (Image 70%) has confirmed the shallow depth and continuity of mineralisation and grade over a strike length of 1km in the central part of the resource.
Significant results include:
- 9m @ 11.1% HM from 2m- 9m @ 8.9% HM from surface- 7m @ 9.7% HM from 1m- 3m @ 21.5% HM from 3m- 6m @ 9.0% HM from 2m- 4m @ 13.4% HM from 1m- 4m @ 12.2% HM from 3m- 3m @ 14.1% HM from 1m- 7m@ 5.8% HM from 1m
About Image Resources NL
Image Resources NL (ASX:IMA) is a mineral sands focused mining company operating an open-cut mine and ore processing facility at its 100%-owned, high-grade, zircon-rich Boonanarring Project, located 80km north of Perth in the infrastructure rich North Perth Basin.
Boonanarring is arguably one of the highest grade, zircon-rich mineral sands projects in Australia. Construction and project commissioning were completed on-time and on-budget in 2018. Production commenced in December 2018 and HMC production ramped-up to exceed name-plate capacity in only the second month of operation.
| ||
|
