IMX Resources extends potential mineralisation at Ntaka Hill project

THE DRILL SERGEANT: IMX Resources (ASX: IXR) has received results from a recently completed gravity survey campaign in the Ntaka Hill-Lionja trend, within its Nachingwea land package, in Tanzania.

IMX said the results of the gravity survey indicate the presence of a larger area of ultramafic rocks associated with the company’s Ntaka Hill nickel sulphide project that have the potential to be mineralised.

According to IMX the gravity survey highlighted the extent of ultramafic rocks, which host the nickel mineralisation at Ntaka Hill, within the dense ultramafic rocks surrounded by less dense altered sedimentary rocks or para-gneisses.

The image of the gravity survey clearly outlines the more dense rocks surrounded by less dense ‘country’ rock.

 

Ntaka Hill gravity image. Source: Company announcement

 

IMX considers the extent of the newly-interpreted ultramafic rocks away from the existing areas of known mineralisation at Ntaka Hill provide a larger area for the company to target its exploration aimed at extending the known nickel sulphide Resource.

“We are very encouraged by the results of the gravity survey, highlighting the potential increase in the extent of ultramafic rocks and mineralisation at Ntaka Hill and remain confident that there are further zones of mineralisation to be discovered,” IMX Resources managing director Neil Meadows said in the company’s announcement to the Australian Securities Exchange.

“Enhancing our understanding of the area of mineralisation and therefore the potential size of the resource is a priority for the 2013 drilling program, the results of which will be central to the company’s decisions on development of the project.”

IMSX indicated it has preparations for a 2013 drilling program well underway and on track for commencement after the Tanzanian wet season.