May 15 2013
IMX Resources Limited ('IMX' or the 'Company') is pleased to announce that a regional exploration program at its Nachingwea property has commenced. In addition to its flagship Ntaka Hill Nickel Sulphide Project, IMX holds approximately 6,320 km2 of surrounding tenements in the highly prospective Nachingwea district.
The 2013 regional exploration program is expected to operate for the full period of the Ntaka Hill field season (May - December) and is supported by a dedicated team that plans to utilize a multi-disciplinary approach, integrating geophysics, geochemistry and geological information, to assess all previous targets and systematically test the best targets.
During the 2013 field season, IMX will focus on following up regional targets involving analysis of satellite imagery to identify outcrop, review of existing VTEM anomalies identified during 2012, extensive regional soil sampling and potentially following up on the most prospective targets with drilling late in the season.
Figure 1 on the following page shows a Reduced to Pole aero-magnetic image of the Nachingwea properties. Areas denoted with a red star are high priority targets identified from a review of stream sediment sampling and geophysical data. The area on the image not shaded with diagonal lines, represents the significant area which is pending review by the regional exploration team and additional high priority targets are expected to be identified.
Despite the limited exploration previously undertaken on the broader Nachingwea area, the regional prospectivity has been demonstrated. Intersections of up to 2.71 grams per tonne Au and multiple intersections of anomalous base metals(1) have previously been reported from the gossan discovered at the HOG prospect as well as a grab sample that returned up to 4.96 grams per tonne Au(2). The HOG gossan is over 1 km in length and between 25-180m wide and located 21km north-east of Ntaka Hill. At the Chilalo prospect, located 23 kilometres north-east of Ntaka Hill, the Company has previously reported copper mineralization over a 1 km strike with up to 0.4m @ 5.27% Cu, 15.05 grams per tonne Ag and 0.41 % Zn.(3)
Managing Director Neil Meadows commented: "Regional exploration conducted to date demonstrates the potential for additional styles of mineralisation to be present on our Nachingwea property and we look forward to progressing our regional exploration initiative to follow up on encouraging results obtained from work completed in 2012."
NEIL MEADOWS, Managing Director
(1) ASX news release 15 November 2012
(2) ASX news release 28 May 2012
(3) ASX news release 28 March 2012
To view Figure 1 please click on the following link: http://media3.marketwire.com/docs/IXR0514.pdf
Source: http://www.imxresources.com.au/