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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Block A | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 9/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 23-9-2019: Image Resources NL announces an Exploration/Drilling Update report for its Block A deposit at the Boonanarring project. Drilling results incl. 5m @ 53.4% HM from 42m. Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to advise | |
| Resources: | (Reserve, P+P): 19.9Mt @ 7.2% HM at Boonanarring | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to advise that close-spaced infill drilling has confirmed the continuation of the very high-grade core within the eastern strand in Block A of its 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project located 80 km north of Perth in the infrastructure-rich North Perth Basin in Western Australia. Initial confirmation of the existence of a high-grade core in the eastern strand at Boonanarring came from assay results from early stage drilling in Block C (current mining block) and was announced to the ASX on 15 July 2019 (“Image Resources Confirms Existence of HighGrade Core in Eastern Strand at Boonanarring”). Secondary confirmation came from assay results from drilling in Block B and were announced 2 September 2019 (“Confirmation of Continuity of very High-Grade Core in Eastern Strand in Block B at Boonanarring”). Assay results from the next stage of drilling in Block A are presented in this report, and confirm the continuation of the high-grade core over the full length (1.4km) of Block A. The total length of the high-grade core stretches over 5.4km within Blocks A, B and C, with Block C currently being mined. These results are part of a larger drilling program designed to re-assess the Mineral Resources and Ore Reserves at Boonanarring, as announced to the ASX on 14 March 2019 (“Targeting Ore Reserve Upgrade at Boonanarring in Response to Higher than Expected Ore Grades”). The full drilling program includes close-spaced, infill drilling to delineate the full extent of the high-grade core in the eastern strand across Blocks A, B, C and D. | |
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