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Image Resources NL
Summary
| Project: | Boonanarring | |
|---|---|---|
| Deposit: | Boonanarring | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-1-2020: Image Resources NL announces an Exploration/Drilling Update report for its Boonanarring deposit at the Boonanarring project. Drilling results incl. 1m @ 39.96% HM from 10m. Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to | |
| Resources: | (Reserve, P+P): 10.7Mt @ 8.9% THM at Boonanarring | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to provide an update on drilling results from its prioritised program focused on adding new Ore Reserves at its 100%-owned, high-grade, zircon-rich Boonanarring mineral sands project located 80km north of Perth in the infrastructure-rich North Perth Basin in Western Australia. The program was launched in July 2019 with an expanded exploration budget following the achievement of positive cashflow in Q2 2019. The focus of the program is to identify new Mineral Resources and Ore Reserves in the area that is within 10km from the current location of the Boonanarring wet concentration plant. Specific focus areas include the northern and southern extensions of the current Ore Reserve, as well as adjacent areas to the west associated with a recently announced 50mRL Strandline. See 11 Dec 2019 ASX announcement ‘NEW POTENTIALLY 40KM LONG MINERALISED SHORELINE IDENTIFIED ADJACENT TO BOONANARRING’. This update involves new drilling results from the northwestern extension of Boonanarring (see Figure 1), which is in the western portion of the larger Boonanarring Northern Extension Area (NEA) and is at the northern end of the previously identified 50mRL Strandline. The exploration results have been prepared and reported in accordance with the JORC Code (2012 Edition). | |
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