Serpentine Lakes Tenements: Drilling and Target Summary on Topography
Perth, Aug 17, 2009 AEST (ABN Newswire) - 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). The heavy mineral suites from this area contain high grades of zircon, up to 42% (DRX ASX release 10 March 2009). The aims of the drilling programme are to:
- Provide adequate sample density for initial resource estimations over the Cyclone South prospect and potentially over mineralisation found in two separate zones to the east. Of particular interest is the prominent J-shaped paleo shoreline on the eastern part of the tenements. J-shaped shorelines can form sediment traps that commonly host large heavy mineral deposits and provide attractive exploration targets.
- Determine the shoreline morphology and possible extensions to mineralisation between Cyclone South and the mineralisation to the east.
- Investigate the possibility of mineralisation at different elevations, parallel to the Cyclone South strands, taking into account the palaeo-topography and stratigraphy.
Heritage surveys and access construction has been completed, with drilling scheduled to start this week. A 10,000m aircore drilling is proposed, to test this prospective zircon target.
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.
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