another stock producing millionairs

ASX Release ASX code: IMA
7 February 2007
SPECTACULAR HIGH-GRADE STRAND
(UP TO 6m @ 41%HM and 2m @ 60% HM)
DISCOVERED AT COOLJARLOO NORTH
______________________________________________________________________________
A new high-grade shallow strand (Target 1 in ASX Release 24 October 2006) has been
outlined by drilling over a 2km strike length within the SW part of the 100%-owned Cooljarloo
North project (see attached map). Drilling is continuing and is expected to test the remaining
2.5km extent of the magnetic target in the near future. The highlights of the high-grade results,
based on visual estimates, are:
CN19 2m @ 15% heavy minerals (HM) from 8m
CN31 6m @ 26.7% HM from 4m
Including 2m @ 40% HM from 6m
CN38 2m @ 20% HM from 6m
CN39 4m @ 22.5% HM from 4m
CN40 4m @ 40%HM from 4m
CN50 2m @ 20%HM from 8m
CN52 8m @ 22%HM from 2m
Including 2m @ 60%HM from 6m
CN60 6m @ 25%HM from 4m
Including 4m @ 32.5%HM from 6m
CN61 8m @ 13%HM from 2m
Including 2m @ 25%HM from 8m
CN78 2m @ 10%HM from 8m
CN79 6m @ 41%HM from 4m
Including 2m @ 60%HM from 6m
CN80 2m @ 25%HM from 6m
CN108 4m @ 50%HM from 4m
These grade estimates on average are higher than those previously encountered at Cooljarloo
and Cooljarloo North. A recently completed detailed ground magnetic survey highlights the
high-grade nature of the 4.5km strand, measuring an average amplitude of 8nT, which is
significantly higher than the near-surface high-grade strands identified at Cooljarloo and the
three remaining magnetic targets at Cooljarloo North. The current drilling will be sited on the
highest amplitude northern 2.5km section of this strand where access agreements have
recently been signed.
Targets 1, 2, 3 and 4 at Cooljarloo North (ASX release 24 October 2006) are planned to be
drilled as part of an ongoing drilling campaign with an air core rig booked until mid March. As a
result of Image’s successful delineation of high-grade mineralisation using detailed ground
magnetic surveys at the 35 AHD and 28000 resource strands at Cooljarloo, particular attention
will be paid to high-grade areas identified by historical drilling and where the strongest ground
magnetic amplitudes are evident. Other targets west of the high-grade Target 1 include an
excellent thick intersection of 36m @ 2% HM which will be assessed in the light of the channel
deposits discovered at Cooljarloo.
2nd Floor, 35 Outram St
West Perth WA 6005
PO Box 644
West Perth WA 6872
Telephone 08 9485 2410
Facsimile 08 9485 2840
[email protected]
www.imageres.com.au
ABN 57 063 977 579
All the grades announced in this ASX release reflect visual estimates from panning in the field
which give a good guide to the HM grade prior to receiving processing results from the
laboratory. Hole CN79, where Image drilled 6m @ 41%HM, is only 35m north of a historical
intersection of 4m @ 49.2%HM and is a similar result. These visual results are thought to be
of such significance that the company believes it is compelled, by force of the statutory
continuous disclosure regime, to release then without waiting (as might normally be expected)
for laboratory results.
Hole No NCoorltlhairn Cgo ordiEnaastetisn g
From
m
To
m
Interval
m
HM Grade
%
CN5 6632400 329270 8 10 2 4
CN6 6632400 329290 4 8 4 3.7
CN19 6632200 329300 8 10 2 15
CN21 6632300 329325 2 8 6 2.1
CN22 6632200 329350 4 6 2 3.3
CN23 6632200 329375 12 14 2 4
CN30 6132000 329365 4 8 4 3.6
CN31 6632000 329385 4 10 6 26.7
including 6 8 2 40
CN38 6631800 329430 6 8 2 20
CN39 6631800 329450 4 8 4 22.5
CN40 6631800 329470 4 8 4 40
CN41 6631800 329490 2 4 2 5
CN50 6631600 329505 8 10 2 20
CN52 6631600 329525 2 10 8 22
including 6 8 2 60
CN53 6631600 329545 4 10 6 4.2
CN54 6631600 329575 0 4 4 2.5
CN60 6631400 329575 4 10 6 25
including 6 10 4 32.5
CN61 6631400 329595 2 10 8 13
including 8 10 2 25
CN71 6631200 329180 6 14 8 2.2
CN75 6631200 329300 16 42 26 1.8
CN78 6631200 329615 8 10 2 10
CN79 6631200 329635 4 10 6 41
including 6 8 2 60
CN80 6631200 329655 6 8 2 25
CN96 6631000 329710 6 10 4 5
CN97 6631000 329730 6 8 2 3
CN103 6630800 329405 12 48 36 2
CN104 6630800 329435 20 42 22 2
CN107 6630800 329750 2 10 8 2.1
CN108 6630800 329770 4 8 4 50
CN112 6630600 329430 2 8 6 3
CN117 6630600 329795 6 8 2 5
CN118 6630600 329815 2 8 6 2.4
CN131 6630200 329840 8 10 2 4
For more information on the company visit www.imageres.com.au
Please direct enquiries to:
Roger Thomson George Sakalidis
Managing Director Executive Director – Exploration
Phone (08) 9485 2410 Phone (08) 9485 2410
Mob 0419 969 183 Mob 0411 640 337
The information in this report is based on information compiled by George Sakalidis BSc (Hons), who is a member of the
Australasian Institute of Mining and Metallurgy. George Sakalidis is an employee of Image Resources NL. George Sakalidis
has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’. George Sakalidis consents to the inclusion of this
information in the form and context in which it appears in this report.
COOLJARLOO NORTH PROJECT DRILL HOLE SUMMARY