May 9 2013
IMX Resources Limited ('IMX' or the 'Company') is pleased to announce that exploration work at its Ntaka Hill Nickel Sulphide Project has recommenced.
The exploration camp at Ntaka Hill was opened in February this year, three months earlier than has been the case previously. During the past three months, the Company has focussed on obtaining expert opinions on work carried out to date, developing the detail of the proposed 2013 exploration program, as well as soil sampling, geochemical work and preparation for ground based and down-hole geophysical surveys to be completed during this current field season.
The 2013 drilling program started last week, with a focus on drilling targets determined from a re-assessment of currently held data sets. The re-assessment of the soil geochemical data sets, historical electromagnetic survey results and the gravity survey completed towards the end of 2012 have led to a large number of "drill ready" targets being determined which are expected to be pursued during this field season.
IMX can report that the first hole drilled in this field season discovered 70 metres of continuous sulphide mineralisation with assays pending.
It is also intended that all holes drilled at Ntaka Hill during the current field season will be assessed with down-hole electromagnetic equipment to explore for extensions to massive sulphide mineralisation that has been previously discovered. In addition to this work, IMX plan to use ground based induced polarisation surveys as a further tool to identify higher grade disseminated near surface mineralisation across the broader Ntaka Hill trend.
IMX Managing Director Neil Meadows commented: "The application of electro-magnetic and induced polarisation techniques is an important advance for IMX as it will enable exploration of the rocks beneath the graphite horizons which in the past have potentially masked any massive sulphide mineralisation present. We are pleased to have restarted drilling at Ntaka Hill and encouraged by the mineralisation observed in the first hole."
Neil Meadows, Managing Director
Competent Persons / Qualified Person / NI 43-101 Statement
Information in this announcement relating to the Ntaka Hill exploration program is based on work carried out under the supervision of Mr Ernest Poole. Mr Poole holds the position of Manager Exploration and is a full-time employee of IMX. Mr Poole is a registered member of the Australian Institute of Geoscientists and has sufficient relevant experience to qualify as a Competent Person under the 2004 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Poole approves and consents to the inclusion of the data in the form and context in which it appears.
Source: http://www.imxresources.com.au/