IMX Resources Limited announces gravity survey extends the area of potential mineralisation at Ntaka Hill Nickel Sulphide Project
Monday, Feb 04, 2013IMX Resources Limited (TSX:IXR)(TSX:IXR.WT)(ASX:IXR) ('IMX' or the 'Company') is pleased to report that results from a recently completed gravity survey campaign in the Ntaka Hill-Lionja trend, within its Nachingwea land package, have indicated the presence of a significantly larger area of ultramafic rocks associated with the Ntaka Hill Nickel Sulphide Project ('Ntaka Hill') that have the potential to be mineralised.
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 (see Figure 1).
The large extent of the newly interpreted ultramafic rocks away from the existing areas of known mineralisation at Ntaka Hill provides a significantly larger area for the Company to target its exploration aimed at extending the known Nickel Sulphide Resource.
These findings have the potential to impact on the development options for Ntaka Hill.
Managing Director Neil Meadows commented: "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. 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."