Image Resources NL Stock Market Press Releases and Company Profile
Image Resources NL (ASX:IMA) New High Grade Discovery Within 16km Target At Gingin
Image Resources NL (ASX:IMA) New High Grade Discovery Within 16km Target At Gingin

Perth, May 11, 2010 AEST (ABN Newswire) - Image Resources NL (googlechartASX:IMA) (googlechartPINK: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.

To date Image has drilled 155 aircore holes totalling 4,626m covering only 3.6km (22%) of this 16km target zone. Already a number of very significant high grade results have been returned (see table at the bottom).

The aircore drilling results are summarised in Table 1 (see link at the bottom of the release). These results compare most favourably with grades of about 6%HM being dry mined in the North Perth Basin.

Panning of a typical high grade drill sample is shown in Figure 2 (see link at the bottom of the release). Only 354 laboratory processing results have been received out of a total of 1,260 samples submitted to date. A further 68 holes (about 2,000m) are being drilled, bringing the total for the current programme to 223 holes totalling about 6,600m.

Image is planning to extend its drilling programme to test the remaining 13km of target strike length. At this stage one land access agreement has been signed in the remaining target area, with permitting for further drilling in progress. The company is highly encouraged by these early results and plans to continue an aggressive drilling programme in the near future over this new high grade discovery.
------------------------------------Hole     From    To   Interval   %Number    m      m    m          HM------------------------------------GG234     18     22    4         8.4GG243     24     26    2        12.2GG244     18     26    8        10.6GG246     18     22    4        12.2GG247     24     26    2         9.6GG248     18     20    2         8.1GG251     18     22    4         9.8GG273      6     16   10        11.4GG284      9     18    9        15.4GG298     16     18    2        31.3GG299     17     18    1        40.5GG300     17     18    1        30.4GG309     23     25    2         9.3GG311     21     23    2        10.8------------------------------------
For the complete Image Resources annoucement including Figure 1 and Table 1, please view the following link:

http://www.abnnewswire.net/media/en/docs/62839-ASX-IMA-490835.pdf

About Image Resources NL

Image Resources Ltd ASX:IMAImage 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. 

abnnewswire.com 


Contact

George Sakalidis
Managing Director
Tel: +61-8-9485-2410
Mob: +61-411-640-337

Roger Thomson
Executive Director
Tel: +61-8-9485-2410
Mob: +61-419-969-183



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