IMX Resources extends Sleeping Giant and Zeppelin deposits

THE DRILL SERGEANT: IMX Resources (ASX: IXR) has received final assay results from the 2013 drilling program undertaken at the company’s Ntaka Hill nickel sulphide project in south-eastern Tanzania.

IMX believes the results have confirmed the discovery of Ntaka Kati, a new zone of nickel sulphide mineralisation, located 300 metres north of the Zeppelin deposit.


Ntaka Hill – location of Ntaka Kati and 2013 drill-holes. Source: Company announcement

The drilling encountered broad widths of nickel-copper mineralisation at Ntaka Kati, which IMX explained to be an extension to the Sleeping Giant-Zeppelin Mineral Resource, located 300m north of the existing Mineral Resource, at the Ntaka Hill nickel sulphide project.

Results include:

Intersected a total of 71.5 metres of nickel mineralisation, including 41m at 0.40 per cent nickel, 16m at 0.5 per cent nickel and 14.6m at 0.7 per cent nickel within 150m of the surface;

7.3m at 1 per cent nickel; and

5.9m at 0.6 per cent nickel.

Nine of the holes produced results the company said highlighted the potential for more mineralisation outside of the existing Zeppelin and Sleeping Giant deposits.

The discovery of P Zone, which IMX announced in December last year, combined with the extensions of the Zeppelin and Sleeping Giant deposits  last October, IMX considers the Ntaka Kati discovery continues to demonstrate the potential for the various zones to form part of a much larger mineralised system up to 1.5 kilometres wide.

Further results indicate the P Zone continues to be mineralised northwards towards J Zone, with assay results including:

12m at 0.6 per cent nickel from 52m.