Image Resources NL (ASX:IMA) Encounters More High Grade Heavy Minerals At Gingin
Perth, May 17, 2010 AEST (ABN Newswire) - Image Resources NL (
ASX:IMA) (PINK:IMREF) has encountered further high grade heavy minerals at its newly discovered 16km-long target zone at Gingin in the North Perth Basin.
The aircore drilling results are summarised in Table 1. A further 335 laboratory results have been received with highlights shown on the attached map, with a further 689 assays being processed from the first drilling campaign. A second drilling programme has started on this priority target. Image is very encouraged by the number of high grade intersections encountered and is looking forward to the results of the second programme within this 3.6km zone and to drilling on the remaining 13km-long zone to the south.
The remaining zone is strategically located next to the Tiwest Separation and Synthetic Rutile Plant at Muchea (for the map - refer the link at the bottom of the release).
Preliminary drilling is also being carried out at the Bootine project to the NW of the Gingin project.
The new highlights include:
-------------------------------------------------Hole MGA MGA From To Interval HM %Number East North m m m-------------------------------------------------GG285 398110 6524266 10 11 1 10.1-------------------------------------------------GG298 398090 6524427 16 18 2 31.3-------------------------------------------------GG299 398111 6524431 17 18 1 40.5-------------------------------------------------GG300 398132 6524437 17 18 1 30.4-------------------------------------------------GG309 399434 6521809 23 27 4 11.6-------------------------------------------------GG310 399411 6521803 19 26 7 11.5-------------------------------------------------GG311 399388 6521795 22 24 2 13.1-------------------------------------------------GG312 399366 6521791 21 22 1 11.3-------------------------------------------------GG313 399342 6521793 21 22 1 7.1-------------------------------------------------GG315 399295 6521814 24 25 1 9.2-------------------------------------------------GG316 399253 6521822 28 29 1 8.9------------------------------------------------- Table 1 Gingin Aircore Drilling Results---------------------------------------------------Hole MGA MGA From To Interval HM %Number East North m m m---------------------------------------------------GG285 398110 6524266 9 12 3 8.6 Including 10 11 1 10.1---------------------------------------------------GG287 398056 6524259 12 19 7 2.7---------------------------------------------------GG293 398018 6524419 14 20 6 4.3---------------------------------------------------GG296 398035 6524433 18 20 2 4.4---------------------------------------------------GG297 398064 6524437 16 18 2 4.6---------------------------------------------------GG298 398090 6524427 14 20 6 12.1 Including 16 18 2 31.3---------------------------------------------------GG299 398111 6524431 16 19 3 15.9 Including 17 18 1 40.5---------------------------------------------------GG300 398132 6524437 16 19 3 13.4 Including 17 18 1 30.4---------------------------------------------------GG304 397842 6524792 2 10 8 3.8---------------------------------------------------GG309 399434 6521809 19 33 14 6.0 Including 23 27 4 11.6---------------------------------------------------GG310 399411 6521803 17 28 11 8.5 Including 19 26 7 11.5---------------------------------------------------GG311 399388 6521795 17 25 7 7.1 Including 22 24 2 13.1---------------------------------------------------GG312 399366 6521791 16 23 7 5.7 Including 21 22 1 11.3---------------------------------------------------GG313 399342 6521793 17 22 5 4.0 Including 21 22 1 7.1---------------------------------------------------GG315 399295 6521814 19 25 5 3.3 Including 24 25 1 9.2-------------------------------------------------GG316 399253 6521822 28 31 3 4.8 Including 28 29 1 8.9-------------------------------------------------
1m or 2m samples. HM grades determined by TBE heavy liquid separation
For the complete Image Resources announcement, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/62877-ASX-IMA-491358.pdf
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. The Company achieved profitability in Q1 2019 and was cashflow positive in Q2 2019 and is now at steady state production.
| ||
|
