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Image Resources (ASX:IMA) Confirm Classification of Bidaminna Mineral Sands Resource
Perth, Jan 23, 2008 (ABN Newswire) - Image Resources (ASX: IMA) wishes to confirm the classification of the Bidaminna resource referred to in yesterday's ASX release. The Bidaminna resource was drilled and reported on by Geopeko (a subsidiary of Peko Exploration Ltd) in 1992 (Annual Report, Cataby Joint Venture, August 1992). Image has previously referred to Bidaminna as an Inferred Resource (ASX release 15 July 2005).
The resource was drilled by Geopeko using an aircore method with drill holes on a 400m x 40m spacing. Rotary split samples were processed at Western Geolabs' laboratory in Perth. The resource was estimated using a polygonal cross sectional method applying a bulk density factor of 1.7 and a heavy mineral (HM) cut-off grade of 1%.
Geopeko classified Bidaminna as an Indicated Resource totaling 44Mt @ 3% HM, however as some minor aspects of the original data can no longer be verified, Image is confident that Bidaminna can be classified as a JORC-compliant Inferred Resource. Image holds tenements over about 40% of the Bidaminna resource area and upon grant of the tenements plans to carry out further tests to validate and upgrade the resource in this area.
The information in this report is based on information compiled by George Sakalidis BSc (Hons), who is a member of the Australasian Institute of Mining and Metallurgy. George Sakalidis is an employee of Image Resources NL. George Sakalidis has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. George Sakalidis consents to the inclusion of this information in the form and context in which it appears in this report.
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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