IMX claims discovery of two new nickel lenses in Tanzania

THE DRILL SERGEANT: IMX Resources (ASX: IXR) has claimed discovery of two new high-grade nickel sulphide lenses from the Lightning target located 400 metres southeast of Sleeping Giant at the company’s Ntaka Hill nickel sulphide project in Tanzania.

The company recently completed a single diamond drill hole at Lightning, 100m south of H Zone to follow-up high-grade nickel sulphide mineralisation and a new off hole EM anomaly that was identified by previous drilling conducted in 2011.

 

Location of Lightning target, Ntaka Hill. Source: Company announcement

 

The new hole NAD12-281 intersected a zone of strongly disseminated to net-textured sulphides of:

–    4.5 metres at 1.92 per cent nickel and 0.26 per cent copper from 263 metres, including 1.2 metres at 3.03 per cent nickel and 0.32 per cent copper.

According to IMX a second sulphide lens of 3.2m at 1.02 per cent nickel and 0.17 per cent copper from 362.2m corresponds to the deeper off hole anomaly interpreted from borehole EM in 2011.

The company explained this deeper lens lies within an 87.1m wide disseminated nickel sulphide zone grading 0.41 per cent nickel and 0.1  per cent copper from 299.9m depth and can be correlated with mineralisation intersected in hole NAD11-252 (1.41 per cent nickel and 0.35 per cent copper over 2.5m) located 95m down-dip and 25m south of NAD12-281.

IMX considers this intersection highlights the depth potential of the Ntaka Intrusion to host additional high-grade nickel mineralisation below the current limit of drilling.

“The discovery of multiple lenses of high-grade nickel sulphides at Lightning continues to demonstrate the exceptional exploration potential of the Ntaka Hill Intrusion,” IMX Resources managing director Neil Meadows said in the company’s announcement to the Australian Securities Exchange.

“New mineralisation at Lightning and the recently announced discovery of the Zeppelin Zone highlight the potential for a significant increase in mineral resources and projected mine life for the Ntaka Hill nickel sulphide project.”

Drilling and BHEM results from current hole NAD12-281 and previous holes NAD12-252 and NAD08-171EXT at the Lightning target indicate the presence of multiple, stacked, west-dipping sulphide lenses.

IMX said additional drilling will be required to define the extents of these lenses.