May 22 2013
IMX Resources Limited ('IMX' or the 'Company') is pleased to provide updated information on the progress of its exploration joint venture with OZ Minerals Limited ('OZ Minerals'), known as the Mt Woods Copper-Gold Joint Venture Project (the 'Mt Woods JV').
In the second half of calendar year 2013, OZ Minerals plans to commence a $2.6 million field program to explore for haematite-hosted iron oxide copper gold deposits, involving 4,300m of diamond core drilling and delineation of targets using detailed ground based gravity and other geophysical surveys, the majority of which is expected to be carried out during the first half of 2014. Commencement of the exploration work is also subject to receipt of relevant approvals.
The Mt Woods JV's exploration campaigns are primarily focussed on the Southern Domain of the Mt Woods Inlier, which hosts the western extension of the Prominent Hill Mine sequence of rocks.
IMX Managing Director Neil Meadows commented: "IMX is pleased to be able to confirm the on-going commitment of our joint venture partner OZ Minerals to this program of work and looks forward to the results that will be generated in this fourth year of the overall exploration program."
Neil Meadows, Managing Director
Source: http://www.imxresources.com.au/