IMX Resources reports Inferred Mineral Resource at Zeppelin deposit

THE DRILL SERGEANT: IMX Resources (ASX: IXR) has completed an Inferred Mineral Resource estimate for the Zeppelin deposit.

The Zeppelin deposit forms part of the company’s Ntaka Hill nickel sulphide project, located in south-east Tanzania.

The Inferred Mineral Resource at the Zeppelin deposit has been calculated at 6 million tonnes at 0.52 per cent nickel for 31,000 tonnes of contained nickel (0.3 per cent nickel cut-off).

The Zeppelin Mineral Resource includes 1.6 million tonnes at 0.96 per nickel.

IMX said the Zeppelin deposit has now been defined over 465 metres and remains open up-plunge to the north, down plunge to the south and down dip to the west.

The company said work it had conducted at Zeppelin to date indicates that it forms part of a larger system of stacked mineralized zones which may be connected.

These areas are the Sleeping Giant deposit and the Zeppelin, H, NAD013 and L deposits, which IMX considers have the potential to comprise a single mineralised system, conducive to open-pit mining.

 

“This is an important step forward in advancing the Ntaka Hill project,” IMX Resources managing director Neil Meadows said in the company’s announcement to the Australian Securities Exchange.

“The mineral resources have the potential for lower cost open pit mining and the similarity with nearby mineralisation that demonstrated encouraging metallurgical test work results, indicates that material from Zeppelin will also show good metallurgical performance.”

IMX said the assays from the Zeppelin mineralisation also demonstrate consistently high nickel tenor, similar to the mineralisation in the Sleeping Giant, NAD013, H and L deposits.

Potential for Zeppelin, Sleeping Giant and H Zone to be connected. Source: Company announcement