Sydney - Thursday - September 28: (RWE Aust Business News) -
Image Resources (ASX:IMA) has reported "spectacular" thicknesses of heavy
minerals (HM) have been intersected in a number of holes in recent
drilling at Cooljarloo in the North Perth Basin, Western Australia.
Results includ 22m at 6.1pc HM from 18m, 14m at 5.3pc from 18m,
30m at 4.6pc from 18m, 40m at 4.4pc from 18m, 16m at 4pc from 16m and 8m
at 4.6pc from 16m.
Modal analysis of a composite sample from the northernmost
section indicates the valuable heavy mineral content to be a "remarkable"
85pc, comprised of 68pc ilmenite, 11pc zircon, 3.3pc rutile and 2.6pc
leucoxene, the company said.
These channel sediments are unusual features and occur down to
40m below the base of the main strandlines.
Image said the Cooljarloo channels appear to have excellent
physical dredging characteristics with a high proportion of free running
sand, low slimes/clay content and little induration.
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