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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Block B | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 9/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 2-9-2019: Image Resources NL announces an Exploration/Drilling Update report for its Block B deposit at the Boonanarring project. Drilling results incl. 4m @ 56.9% HM from 36m. 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 B 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 came from assay results for early stage drilling in Block C at Boonanarring (current mining block). Assay results from the next stage of drilling in Block B are presented in this report, and confirm the continuation of the high-grade core the full length of Block B. These results are part of a larger drilling program designed to re-assess the Mineral Resources and Ore Reserve 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) and as announced on 15 July 2019 (Image Resources Confirms Existence of HighGrade Core in Eastern Strand at Boonanarring). The full drilling program includes closespaced, infill drilling to delineate the full extent of the high-grade core in the eastern strand across Blocks A, B, C and D. The close-spaced infill drilling program commenced on 2nd April 2019 and has continued through to 6 th August, with a total of 579 air-core holes (AC) totaling 24,393m completed. A total of 3,775 assays (90%) from Block B drilling have been received and are summarised in this report. The balance of assays for Block B, as well as assays for Block A and D drill samples are outstanding. | |
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