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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Block C | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 7/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 15-7-2019: Image Resources NL announces an Exploration/Drilling Update report for its Block C deposit at the Boonanarring project. Pre infill drilling results from Block C. Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to advise that | |
| 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 existence of a very high-grade core within the eastern strand 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. This confirmation of the high-grade core in the eastern strand comes from initial assay results for drilling in Block C at Boonanarring (current mining block). These results are only 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). The full drilling program will include 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. The close-spaced infill drilling program commenced on 2 April 2019 and has continued through to the end of June, with a total of 14,750m (68%) completed out of a total of 21,600m of planned air-core (AC) drilling. All of drilling in Block C has been completed and 55% of the assays have been received and are summarised in this report. These initial results from Block C close-spaced (5m) infill drilling are very positive and appear to corroborate mining and processing results from the 2019 March Quarter indicating the actual heavy mineral (HM) ore grade was substantially higher than estimated in the Mineral Resources and Ore Reserve. These results also support the Company’s belief that the highgrade core was not adequately delineated by the routine 15-20m drill hole spacings used for the determination of Mineral Resources and Ore Reserve, and that the Ore Reserve may have been understated. | |
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