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IMAGE RESOURCES NL Regulatory Filings 2004
65117_rns_2004-03-01_29f23f7d-762d-4af7-b2f8-3e1d64cc68a5.pdf
Regulatory Filings
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ASX Release 2 March 2004
ASX code: IMA
9 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
HIGH-GRADE NICKEL SULPHIDES INTERSECTED AT EMU LAKE PROJECT
Image Resources is pleased to announce that joint venturer Jubilee Mines NL has intersected high-grade nickel sulphide mineralisation at Image's 30%-owned Emu Lake project (Jubilee 60%, Skryne Hill Pty Ltd 10%) near Kalgoorlie, WA.
Diamond drilling designed to test down-dip extensions of previous narrow high-grade intersections and to test modelled off-hole electromagnetic ("DHEM") targets at the Gossan Zone has successfully intersected two zones of high-grade mineralisation. Significant intersections are summarized below (see table and longitudinal section for details):
ELD 15 2.0 metres @ 6.20% Ni and 1.78% Cu from 336.0 metres (including 0.7 metres @16.9% Ni and 3.49% Cu from 336.3 metres)
and
2.0 metres @2.63% Ni and 1.05% Cu from 343.5 metres (including $0.25$ metres @ 8.81% Ni and 2.40% Cu from 344.3 metres)
The mineralised zones are located close to a mafic-ultramafic contact and consist of high tenor massive sulphides, stringer sulphides and disseminated sulphides, with strong copper mineralisation evident in drill core.
In addition, high-grade stringer mineralisation has been intersected in drillhole ELD14 (0.05 metre @ 5.56% Ni from 192.9 metres) close to the same mafic-ultramafic contact approximately 100 metres up-dip from the ELD 15 intersection. These and previous intersections now confirm widespread nickel mineralisation near the same ultramafic contact.
Further drilling is currently underway 50 metres along strike with the aim of testing the extent of mineralisation at this depth (about 300 metres below surface) and to provide a platform for deeper exploration using DHEM. The two massive sulphide zones remain open at depth.
Image considers this an exciting result as it confirms that this area potentially has similar characteristics to the high-grade nickel sulphide mineralisation at the Silver Swan nickel mine situated about 30 kilometres to the west.
Diamond drilling and DHEM surveying are continuing.
Significant Results
| Hole Number | Northing | Easting | Dip | Azimuth | From (m) |
To (m) |
Interval (m) |
Ni % | Cu % |
|---|---|---|---|---|---|---|---|---|---|
| ELD 15 | 6648626 | 399520 | -60 | 229 | 336.0 | 338.0 | 2.0 | 6.20 | 1.78 |
| includes | 336.3 | 337.0 | 0.7 | 16.90 | 3.49 | ||||
| 343.5 | 345.5 | 2.0 | 2.63 | 1.05 | |||||
| includes | 344.3 | 344.55 | 0.25 | 8.81 | 2.39 |
For more information on the company visit www.imageres.com.au
Please direct enquiries to:
Roger Thomson Managing Director Phone (08) 9485 2410 Mob 0419 969 183
George Sakalidis Executive Director - Exploration Phone (08) 9485 2410 Mob 0411 640 337
The information on mineralisation contained in this report accurately reflects the information compiled by Mr Roger Thomson BSc, MAusIMM, 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.