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Image Resources Limited (ASX:IMA) Identify 18KM Heavy Mineral (HM) Resource From Results At Bidaminna
Perth, Jan 22, 2008 (ABN Newswire) - Image Resources Limited (ASX: IMA) Announce that following reprocessing of geophysical data and reinterpretation of drilling results over the Bidaminna Resource, Image has outlined a very large channel/strand target at Bidaminna which is 18km long and averages 500m in width with sections up to 1km in width. This target is much larger than the channels drilled to date at Cooljarloo which at this stage total some 9km in length.
The Bidaminna Resource (44Mt @ 3% HM), which was previously drilled out by Geopeko outlining a deposit some 6km in length and 400m in width, is situated just 1km to the west of the new target. This augers well for the new target zone which is three times the length and is 100m wider on average. In addition, the interpreted magnetic data for this new target is high in quality, with good line to line correlation. The average ground magnetic amplitude of the anomaly outlining the new target zone is 0.9nT which is similar to that at the Bidaminna Resource.
Image holds tenements over 40% of the extent of the Bidaminna Resource. It also has an additional 6km long target directly along strike and north of the Resource. In total there are more than 30km of new targets shown up by this recent work outside Bidaminna Resource.
The tenement is expected to be granted in February. Image is now planning to carry out heritage and botanical surveys followed up by a drilling programme over the 18km new target and the northern extension of the Bidaminna Resource. The new target zone opens up the southern part of the North Perth Basin for the discovery of large, high volume channel deposits of the type identified by Image in the Cooljarloo area.
About IMAGE RESOURCES NL
Image Resources is an active, innovative, Australian-based mineral explorer with a substantial portfolio of gold, nickel and mineral sand prospects in Western Australia. Incorporated in 1994, Image was formed to utilise an extensive Australian aeromagnetic database compiled over many years by the Company's founders. Image has used this powerful and unique data set, together with the experience and interpretive skills of its management, to acquire a range is prospects with high mineral potential.
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