Perth, Apr 30, 2008 (ABN Newswire) - Image Resources NL (ASX:IMA)(PINK:IMREF) Announce Quarterly Report for the Period Ended 31 March, 2008.
The full Quarterly Report can be viewed at Image Resources Website:
http://www.imageres.com.au/quarterly.htmHIGHLIGHTS from the report include:
- Multiple heavy mineral (HM) strands identified at Helene (previously named Target 2) at Cooljarloo North with 4 main strandlines and 3 minor strands over the 4.5km strike of the project.
- Completion of acquisition of the Bidaminna heavy mineral resource (44Mt @ 3%HM) in the North Perth Basin
- Large (18km-long) new HM target identified on recently granted tenement at Bidaminna, increasing the cumulative target length to 62km.
- A comprehensive review of the magnetic database for the North Perth Basin has identified 108 targets over a total strike length of 247km that remain to be drilled, significantly increasing the scope of this major mineral sands project.
- Image's North Perth Basin tenement holdings increased to 2090 square kilometres.
- Significant phosphate potential identified in the Dandaragan Trough north of Perth with 3 of 9 recorded outcropping phosphate occurrences situated on Image tenements.
- Emu Nickel spin-off successfully launched, raising A$10 million.
