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IMAGE RESOURCES NL Regulatory Filings 2003

Apr 9, 2003

65117_rns_2003-04-09_706d4405-987f-40ed-9f33-0af05495eb83.pdf

Regulatory Filings

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IMAGE RESOURCES NL

2nd Floor, 35 Outram St West Perth WA 6005 PO Box 644 West Perth WA 6872 Telephone 08 9485 2410 Facsimile 08 9485 2840 [email protected] www.imageres.com.au

ABN 57 063 977 579

ASX Release 10 April 2003

NEW GOLD ZONE AT WILTHORPE

Wilthorpe (Image 90%)

A 33-hole RAB drilling programme totalling 1766 metres has been completed at the Wilthorpe project situated in the Peak Hill area 120km north of Meekatharra. The drilling was aimed at testing two targets; an area of known gold mineralisation in the northern part of the property and an untested geochemical anomaly situated 2.5km further south.

Previous drilling of the northern prospect had encountered mineralisation with a best intercept of 32m at 1.0 g/t gold from 8m (including 7m at 2.0 g/t from 8m). The recent drilling confirmed a broad zone of mineralisation over an east-west distance of 70m adjacent to, and below, the previous drilling with best intercepts of 2m at 3.3 a/t from 46m in drill hole WDRB05, 13m at 1.4 g/t from 35m in WDRB06, and 3m at 13.1 g/t from 3m and 2m at 4.7 g/t from 50m in WDRB07 - see table for details. Drilling 100m to the south along strike intersected 6m at 1.2 g/t from 30m in WDRB10, however drilling 100m to the north did not intersect significant values.

Hole
Number
Coordinates Τo Interval Grade
N E From m g/t Au
WDRB05 4335 6514 28 32 4 1.2
46 55 9 1.1
(Including 46 48 $\overline{2}$ 3.3)
67 69 $\overline{2}$ 2.2
WDRB06 4335 6490 7 10 3 1,2
24 26 2 1.2
35 48 13 1,4
52 56 4 1.9
WDRB07 4335 6466 3 6 3 13.1
10 12 $\overline{2}$ 1.0
24 28 4 1.0
50 52 $\overline{2}$ 4.7
70 73 3 2,4
78 80 2 $1.0$ eoh
WDRB10 4235 6526 30 36 6 1.2
WDRB30 1740 6300 24 27 3 2,4
WDRB31
$L1$ chen Instituted als OO. muitoscotte OOO. commet IAIDEDDOO and Od muitoscotte 400. center and als besta
1780 6300 65 68 3 2.3

Holes inclined at 60°; azimuth 090° except WDRB30 and 31 azimuth 180°; eoh; end of hole.

A single drill traverse across the geologically anomalous gold zone at the southern prospect intersected a cross-cutting north east trending zone of ferruginous quartz veins where previous surface prospecting had encountered a number of gold nuggets close to the veins. The quartz veins have been traced over a 200m strike length in a broad zone some 100m wide, with extensions obscured by soil cover. Drill intercepts include 3m at 2.4 g/t from 24m in drill hole WDRB30 and 3m at 2.3 g/t from 65m in adjacent drill hole WDRB31. Further sampling and drilling is planned in order to assess the extent and potential of this new gold zone.

Corporate

Image Resources has received \$1.2 million for its holding in Magnetic Minerals following the successful takeover bid by Ticor Resources.

For more information on the company visit www.imageres.com.au

Please direct enquiries to: Roger Thomson Managing Director Phone (08) 9485 2410

George Sakalidis Executive Director - Exploration Phone (08) 9485 2810

The information on mineralisation contained in this report accurately reflects the information compiled by Mr Roger Thomson BSc, MAustMM, who is a competent person (as defined by the Australasian Code of Reporting of Identified Mineral Resources and Ore Reserves) with relevant experience in relation to such mineralisation.