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IMAGE RESOURCES NL — Regulatory Filings 2009
Apr 2, 2009
65117_rns_2009-04-02_3ca09675-be99-4b72-b8e9-cccac82d7c13.pdf
Regulatory Filings
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ASX Release 3 April 2009
ASX code: IMA
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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
MORE SHALLOW HIGH GRADES AT ATLAS, COOLJARLOO
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An impressive 900m-long high-grade zone now identified at the Atlas resource, containing grades of more than 20% HM up to 140m wide and 6m thick. This open-ended high-grade zone is likely to significantly increase the contained heavy minerals (HM) in the resource when the Atlas model is updated.
As previously reported (ASX releases of 23 February 2009 and 13 March 2009), infill drilling on nominal 200m x 20m centres has been carried out on the Atlas resource to provide greater confidence in the grade and continuity of the mineralisation and to upgrade the status of the resource. The Atlas resource prior to the infill drilling comprised an Indicated Resource of 1.9Mt at 4.9% HM and an Inferred Resource of 9.7Mt at 5.8% HM (both at a 2.5% HM cut off) containing a total of 660,000 tonnes of HM. Grade estimates from the latest batch of laboratory results are summarised in the attached table.
The drilling results now confirm the shallow depth and continuity of mineralisation and grade (more than 5% HM) over a strike length of 3km in the southern and central part of the resource.
Of particular significance are drill sections over a 900m strike length containing grades of more than 20% HM, up to 140m wide and 6m thick, as summarised in the attached cross sections. This high-grade zone remains open to the north and is likely to significantly increase the contained HM of the resource when the Atlas resource model is updated on receipt of the remaining sample results from the drilling programme.
For more information on the company visit www.imageres.com.au
Please direct enquiries to: George Sakalidis Roger Thomson Managing Director Executive Director Phone (08) 9485 2410 Phone (08) 9485 2410 Mob 0411 640 337 Mob 0419 969 183
The information in this report is based on information compiled by Scott Carruthers BSc,MSc who is a member of the Australasian Institute of Mining and Metallurgy. Scott Carruthers is an employee of Image Resources NL. He 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’. Scott Carruthers consents to the inclusion of this information in the form and context in which it appears in this report.
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Atlas Aircore Drilling Results
| Hole Number |
MGA East |
MGA North |
From m |
To m |
Interval m |
HM % |
|---|---|---|---|---|---|---|
| 1954 | 332242 | 6620637 | 1 | 10 | 9 | 5.1 |
| 1961 | 332082 | 6620639 | 3 | 6 | 3 | 9.9 |
| 1962 | 332062 | 6620633 | 3 | 5 | 2 | 9.0 |
| 1964 | 332022 | 6620622 | 3 | 7 | 4 | 4.9 |
| 1965 | 331999 | 6620615 | 3 | 5 | 2 | 8.0 |
| 1967 | 331961 | 6620603 | 2 | 6 | 4 | 6.0 |
| 1986 | 332160 | 6620788 | 2 | 7 | 5 | 5.6 |
| 1987 | 332142 | 6620792 | 2 | 7 | 5 | 6.2 |
| 1988 | 332121 | 6620800 | 3 | 8 | 5 | 7.2 |
| 1989 | 332100 | 6620806 | 4 | 8 | 4 | 7.2 |
| 1990 | 332082 | 6620810 | 4 | 8 | 4 | 5.1 |
| 1991 | 332062 | 6620808 | 3 | 10 | 7 | 7.9 |
| 1992 | 332042 | 6620799 | 2 | 9 | 7 | 6.2 |
| 1993 | 332019 | 6620789 | 3 | 7 | 4 | 5.4 |
| 1994 | 332001 | 6620777 | 2 | 6 | 4 | 4.0 |
| 1995 | 331981 | 6620767 | 2 | 5 | 3 | 8.6 |
| 2019 | 332080 | 6619400 | 1 | 4 | 3 | 9.3 |
| 2020 | 332061 | 6619398 | 1 | 8 | 7 | 12.2 |
| 2022 | 332020 | 6619400 | 1 | 4 | 3 | 4.4 |
| 2023 | 332001 | 6619401 | 0 | 3 | 3 | 4.6 |
| 2024 | 331990 | 6619399 | 1 | 6 | 5 | 9.2 |
| 2025 | 331981 | 6619401 | 1 | 6 | 5 | 15.1 |
| 2026 | 331961 | 6619401 | 1 | 7 | 6 | 12.9 |
| 2027 | 331940 | 6619401 | 0 | 7 | 7 | 5.3 |
| 2028 | 331920 | 6619400 | 1 | 8 | 7 | 4.5 |
| 2029 | 331900 | 6619401 | 1 | 9 | 8 | 13.0 |
| 2030 | 331881 | 6619406 | 0 | 7 | 7 | 5.7 |
| 2031 | 331862 | 6619409 | 2 | 8 | 6 | 5.1 |
| 2032 | 331839 | 6619405 | 5 | 7 | 2 | 6.8 |
| 2033 | 331820 | 6619402 | 2 | 8 | 6 | 3.9 |
| 2034 | 331800 | 6619403 | 2 | 8 | 6 | 3.9 |
| 2035 | 331781 | 6619404 | 2 | 8 | 6 | 3.8 |
| 2036 | 331759 | 6619403 | 2 | 6 | 4 | 7.9 |
| 2064 | 331837 | 6621698 | 6 | 8 | 2 | 5.7 |
| 2066 | 332124 | 6621700 | 4 | 6 | 2 | 6.4 |
| 2069 | 332100 | 6621801 | 4 | 5 | 1 | 6.8 |
| 2076 | 332097 | 6622101 | 5 | 6 | 1 | 11.7 |
| 2081 | 332122 | 6622199 | 3 | 6 | 3 | 5.4 |
| 2100 | 332230 | 6623002 | 2 | 5 | 3 | 6.3 |
| 2108 | 332099 | 6621400 | 7 | 11 | 4 | 5.8 |
| 2109 | 332030 | 6621299 | 5 | 12 | 7 | 3.5 |
| 2113 | 331840 | 6620715 | 4 | 5 | 1 | 9.8 |
| 2114 | 331821 | 6620709 | 4 | 9 | 5 | 4.3 |
| 2116 | 332102 | 6620643 | 2 | 6 | 4 | 5.0 |
| 2121 | 332001 | 6619756 | 2 | 7 | 5 | 4.4 |
| 2124 | 331860 | 6618406 | 1 | 4 | 3 | 10.9 |
1m or 2m samples, HM grade determined by TBE heavy liquid separation