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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Boonanarring | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 12/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 11-12-2019: Image Resources NL announces an Exploration/Drilling Update report for its Boonanarring deposit at the Boonanarring project. Drilling results incl. 2m @ 17.6% HM from 16m. Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to | |
| 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 drilling aimed at extending the mine-life at Boonanarring has identified a new mineralized shoreline trend to the west of and parallel to the Boonanarring Ore Reserve area and that based on drill sample assays and ground based magnetic survey results, may potentially extend for up to 40 km. Starting in the second half of CY2019, Image prioritised a drilling programme aimed at extending the overall mine-life at Boonanarring. This programme is in addition to the independent program of close-spaced drilling conducted in April through July 2019 across the eastern strand of the Boonanarring Ore Reserve for the purpose of reassessing the current Ore Reserve. The reassessment of the Ore Reserve is nearing completion and final results are scheduled to be reported separately prior to the end of December 2019 as previously announced. Drilling aimed at extending the mine life at Boonanarring is being conducted in target areas to the north, south and west of the current Boonanarring Ore Reserve. Preliminary results have been positive and have led to the identification of this new mineralized shoreline which has been labeled 50mRL Strandline, as mineralised intercepts range from 48-55m RL. The 50mRL Strandline has been interpreted to extend up to 40 km from south of the town of Gingin to north of the Boonanarring Northern Extension area as shown in Figure 1. It includes previously identified mineralisation in the western sections of Image’s Gingin South and Gingin North projects, and has now been found to include the recently identified Boonanarring West mineralisation. | |
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