Image Resources (ASX:IMA) Resource Targets Increased From 1.1Km To 6.8Km At Cooljarloo Southeast
Perth, Dec 17, 2009 AEST (ABN Newswire) - 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. The potential to increase these resources is substantial because the total length of the targets strand lines is now 6.8km compared to the 1.1km strike length of the known mineralisation within the existing resources.
This major target (previously referred to as the "new high grade strand" in ASX release 12 April 2007) is now called Rhea. The adjacent targets to the west of Rhea are the northwest extension of Tiwest's Middle Strand resource and will retain that name. The drill hole results from this area are summarised in the 12 April 2007 ASX release.
A 6,000m drilling programme on 100m line spacings is proposed on those parts of the target strands currently accessible, as shown on the attached map. Permitting for this drilling is in progress. This drill density should be adequate to define measured resources within the mineralised strands. In addition, four new channel targets are planned to be tested in the proposed programme, following up previous drilling on known channels where thick intersections up to 70m @1.7% heavy minerals occur.
The strand targets form part of the group of interpreted strand lines that have been magnetically mapped in detail and which have associated mineralisation indicated from previous drilling by Image Resources or other explorers. The Gingin and Bidaminna projects have similar high priority targets which will also be followed up early next year with drilling densities sufficient to outline resources within the mineralised target areas.
This drilling is part of Image's objective to build a resource base of global significance in the North Perth Basin.
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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