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Image Resources NL (ASX: IMA) has reported an increase in total Mineral Resources to 109 million tonnes, a 15% increase in grade to 2.5% total heavy minerals and a 23% increase in total contained (in- situ) HM to 2.8 million tonnes.
Mineral assemblage in total HM includes 93% VHM, 72% ilmenite, 8.9% combined zircon and rutile and 12% leucoxene.
Mineralisation below water table and suitable for dredge mining.
Image Resources NL (ASX: IMA) (“Image” or “the Company”) is pleased to advise it has received additional encouraging, thick, gold mineralisation drill intersections that expands the mineralisation to the north at the Company’s 100%-owned Erayinia tenement and King Prospect located 135km SE of Kalgoorlie in Western Australia.
The King Prospect tenements are located within the Erayinia tenement which adjoins Image’s 100%-owned Madoonia Downs tenement to the north, as shown in Figure 1.
The latest infill drill program resulted in a number of significant intersections.