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IMAGE RESOURCES NL Regulatory Filings 2006
65117_rns_2006-06-12_9375f489-3d32-4d7c-8b79-fef29119d14b.pdf
Regulatory Filings
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ASX Release 13 June 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
NEW DRILLING PROGRAMME AT COOLJARLOO
A new 10,000m aircore drilling programme is planned to test three major target zones at the Cooliarloo heavy mineral (HM) project starting next week following the signing of two access agreements with landowners.
The first target zone is 7.8km of potentially high grade strands indicated by high amplitude ground magnetics and historical drilling by RGC within the 35 AHD strand (refer to table below) with intersections of up to 2m @ 36.6% HM from 4m as announced on 26 April 2006. This drilling will test the northern part of the 35 AHD strand on a 40m x 200m grid and is anticipated to upgrade the Inferred Resource to Indicated or Measured status.
The second target is the extension of a deep, thick intersection of 30m @ 6.6% HM from 39m on the southeastern margin of the tenements. A number of broad ground magnetic zones have been outlined which are approximately 10km in length, which have not previously been investigated and which may reflect extensions and repetitions of this thick mineralisation within the joint venture tenements.
The third target is the existing resources within the 28000 and the Mid-Level strands (refer to table below) where drilling will test for high grade zones based on the magnetics and test similar magnetic targets adjacent to the existing resources, with the objective of upgrading and increasing these resources.
| Deposit | Inferred Resource Tonnes |
Grade (9) |
HM Tonnes |
H menite Tonnes |
Rutile Tonnes |
Leucoxene Tonnes |
Zircon Tonnes |
|---|---|---|---|---|---|---|---|
| 28.000 | 854,000 | 8.6 | 74,000 | 25,000 | 8.000 | 6,700 | 9,800 |
| Mid-level | 49,006,000 | 2.3 | .082.000 | 531,000 | 96.000 | 60,500 | 91,000 |
| 35 AHD | 30,861,000 | 4.0 | .234,000 | na | na | na | па |
Reported resources from historical RGC and Geopeko drilling
na results not available
This drilling programme is expected to last one month. Laboratory results from the recent reconnaissance programme at Bidaminna South (58 holes for 3.048m) and Cooliarloo (135 holes for 3,917m) are expected shortly.
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.