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IMAGE RESOURCES NL Regulatory Filings 2006
65117_rns_2006-10-23_1b2a9134-e884-4408-b9d6-5ce19f78d598.pdf
Regulatory Filings
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ASX Release 24 October 2006 ASX code: IMA
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
REMARKABLE SHALLOW 4m @ 49.2% HM INTERCEPT ON 4km MAGNETIC TARGET AT COOLJARLOO NORTH
Following its successful mineral sand exploration at Cooliarloo in the North Perth Basin. Image Resources has completed an 83 line-km detailed ground magnetic survey at its 100%-owned tenement at Cooliarloo North about 5km north of the Cooliarloo JV. Four high priority heavy mineral (HM) targets have been identified with an aggregate strike length of more than 12km (see attached map). Historical drilling results from this area have confirmed significant, shallow HM intersections coincident with the magnetic targets (see Table 1 and attached sections, note results are not available for all drill holes).
Target 1 is a well defined ground magnetic anomaly (average amplitude 3.3nT) some 1.3km in length, which forms part of a 4km-long aeromagnetic target (ASX release 27 March 2006) with a very high-grade intersection in drill hole JTN 5280 of 8m @ 28.1% HM from 6m, including 4m @ 49.2% HM from 6m. This is the highest grade encountered to date by Image in the Cooljarloo area.
Target 2 is 4km in length and 400m in width with magnetic amplitudes of 2.9-3.3nT. Previous drilling on approximately 400m line spacings has confirmed significant mineralisation over the 4km strike with best intersections of 8m @ 11.9% HM from 3m in drillhole HR 574 and 6m @ 15.3% HM from 13.5m in drillhole HR 767.
The dimensions of Targets 3 and 4 are 1.1km x 350m (amplitude 1.5nT) and 3.3km x 150m (amplitude 1.9nT) respectively. Previous drilling appears to be limited to the northern end of Target 3 with a best intersection of 3m @ 11.4% HM from 18m in drill hole HR 600.
Further ground magnetic surveys are planned over the remainder of the 26sq km tenement to further define Target 1 and to test for additional similar targets. Drilling of the exciting high priority targets defined to date is scheduled to commence upon completion of access agreements.
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 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.
Table 1
COOLJARLOO NORTH
HISTORICAL DRILLING RESULTS
| Hole Number | Collar Coordinates | From | To | Interval | Grade | |
|---|---|---|---|---|---|---|
| Е | N | m | m | m | % HM | |
| JND 6150 | 30489 | 37500 | 12 | 20 | 8 | 5.0 |
| HR 627 | 30809 | 37253 | $\overline{12}$ | 17 | $\overline{5}$ | 5.0 |
| HR 630 | 30910 | 37319 | $\overline{15}$ | $\overline{18}$ | $\overline{\overline{3}}$ | 6.1 |
| HR 930 | 31003 | 36896 | 10.5 | $\overline{15}$ | 4.5 | 10.5 |
| including | $\overline{12}$ | 13.5 | 1.5 | 15.0 | ||
| HR 931 | 30969 | 36874 | 13.5 | 18 | 4.5 | 8.2 |
| HR 482 | 30802 | 36516 | 19 | $\overline{25}$ | 6 | 5.9 |
| HR 491 | 31002 | 36520 | $\overline{12}$ | $\overline{17}$ | $\overline{5}$ | 5.8 |
| HR 496 | 31240 | 36525 | $\overline{12}$ | $\overline{16}$ | $\overline{4}$ | 7.0 |
| CR 6840 | 31179 | 36450 | 8 | 18 | 10 | 4.4 |
| CR 7080 | 31419 | 36450 | 10 | 16 | 6 | 7.8 |
| HR 573 | 31526 | 36061 | $\overline{\mathbf{3}}$ | $\overline{11}$ | $\overline{8}$ | 9.6 |
| including | $\overline{6}$ | $\overline{9}$ | $\overline{\mathbf{3}}$ | 13.5 | ||
| HR 574 | 31495 | 36039 | $\overline{4}$ | $\overline{12}$ | $\overline{\mathbf{g}}$ | 11.9 |
| including | $\overline{9}$ | 11 | $\overline{2}$ | 21.0 | ||
| HR 578 | 31378 | 35951 | $\overline{4}$ | 10 | $\overline{6}$ | 6.0 |
| HR 586 | 31044 | 35731 | $\overline{10}$ | $\overline{13}$ | $\overline{\overline{3}}$ | 6.9 |
| HR 600 | 30097 | 35348 | $\overline{18}$ | $\overline{21}$ | $\overline{\overline{3}}$ | 11.4 |
| HR 766 | 31765 | 35722 | $\overline{15}$ | 19.5 | 4.5 | 7.0 |
| HR 767 | 31732 | 35700 | 13.5 | 19.5 | 6 | 15.3 |
| HR 768 | 31698 | 35678 | 16.5 | 21 | 4.5 | 12.4 |
| HR 777 | 31396 | 35482 | 12 | 15 | $\overline{3}$ | 6.1 |
| HR 782 | 31229 | 35373 | 10.5 | 13.5 | $\overline{\mathbf{3}}$ | 6.0 |
| HR 789 | 31916 | 35342 | $\overline{12}$ | 19.5 | 7.5 | 5.7 |
| HR 792 | 31815 | 35277 | $\overline{14}$ | $\overline{20}$ | $\overline{6}$ | 5.4 |
| HR 796 | 31681 | 35190 | 13.5 | $\overline{18}$ | 4.5 | 9.0 |
| HR 798 | 31614 | 35146 | 13.5 | 18 | 4.5 | 7.0 |
| JWB 7320 | 31659 | 34840 | 24 | 28 | 4 $\overline{6}$ |
5.4 |
| JWB 7440 | 31779 | 34844 | $\overline{14}$ | $\overline{20}$ | 5.5 | |
| HR 815 | 32285 | 34628 | 25.5 $\overline{24}$ |
33 $\overline{27}$ |
7.5 $\overline{\mathbf{3}}$ |
6.9 19.2 |
| HR 819 HR 821 |
32151 32083 |
34541 34498 |
24 | 7.5 | 5.9 | |
| HR 888 | 32503 | 34293 | 16.5 21 |
24 | 3 | 8.1 |
| $\overline{\mathbf{3}}$ | ||||||
| HR 892 EDB 8460 |
32368 32799 |
34206 33650 |
19.5 14 |
22.5 $\overline{24}$ |
10 | 8.9 6.8 |
| EDB 8940 | 33279 | 33650 | $\overline{20}$ | $\overline{28}$ | $\overline{8}$ | 5.7 |
| JTN 5280 | 29619 | 31165 | 6 | 14 | 8 | 28.1 |
| including | $\overline{6}$ | 10 | 4 | 49.1 |
Cooljarloo North Project
Cooljarloo North Project - Stacked Sections - Target 2