Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

IMX Resources launches Gravity Density Survey at Ntaka Hill  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 08/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) IMX Resources (ASX: IXR, TSX: IXR, IXR.WT) has designed a detailed gravity survey to cover 100 square kilometres over the Ntaka Hill and Lionja ultramafic intrusions at the wholly owned Ntaka Hill Nickel Sulphide Project in Tanzania.

The survey will map the subsurface extents of these intrusions and identify the more dense mineralised portions of the intrusion.

IMX Resources said that historical targeting of nickel sulphide mineralisation at Ntaka Hill has focussed on massive sulphide zones represented by conductors identified using airborne and ground EM geophysical survey techniques.

The success of recent exploration in discovering new nickel sulphide mineralisation without these associated conductors has justified a case for undertaking systematic exploration using alternative techniques within the mineralised intrusive complex for sub 1% nickel zones.

With the company's improved understanding of the simple metallurgical characteristics in this high nickel tenor, low pyrrhotite, high pentlandite nickel sulphide system - it means that there is significant upside potential to this approach.

Recent exploration has also demonstrated that these wide disseminated nickel zones frequently contain lenses of above 1% nickel sulphides.


Plan: Survey Results

The results of the gravity survey will be integrated with the results from an induced polarisation survey completed in August 2012 and soil sampling, to identify new mineralisation targets that do not rely solely on the presence of strong conductors.

It is expected that the use of new geochemical and geophysical survey techniques will enhance exploration success during 2013 as the Company seeks to rapidly increase its resource base at Ntaka Hill.


Metrics: Ntaka Hill

The plan for Ntaka Hill is the production of a premium nickel sulphide concentrate which has already been demonstrated. The ESIA is currently under preparation with approval expected March 2013.

A Scoping Study identified 15 years mine life at 10 " 15,000 tpa nickel production, with cash costs US5/lb,

The Pre-production Capex was confirmed at US227 million.

 






  MENA News Headlines


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help