IMX Resources Confirms Consistency of Shimba Deposit Ore

IMX Resources Ltd. (TSX:IXR,ASX:IXR) announced that it’s received encouraging results from recent petrographic microscope work completed on diamond drill core from the Shimba deposit at its Tanzania-based Chilalo graphite project.
A prefeasibility study for Chilalo is scheduled for release in October 2015, while a revised mineral resource for Shimba should be finalized in September.
Highlights include:

• Petrographic microscope work identifies extremely large graphite flakes in almost all core samples from throughout the Shimba deposit.
• Flakes measure +5mm (5000µm), with some reaching up to 1cm.
• Flakes are clean and free of contaminants.
• Results provide confidence that a consistently high quality coarse flake product can be produced from various zones of the Shimba deposit.

Phil Hoskins, CEO of IMX, commented:

Our ongoing work continues to confirm the consistency in the ore characteristics of the Shimba deposit and gives us a great deal of confidence about the ability to produce high quality concentrate with excellent flake size distribution from Shimba.
We are not surprised by the extremely coarse flake identified from the petrographic work. The Shimba deposit is located adjacent to a large anorthositic intrusion and there is evidence from comparative deposits that metamorphism (heating) from nearby igneous intrusions can upgrade and coarsen graphite mineralisation.
These results form an important component of the ongoing Pre-Feasibility Study (‘PFS’) for the Chilalo Project, which is focused on the development of a mining operation to produce 50,000 tonnes of graphite per year.

Click here to read the full IMX Resources Ltd. (TSX:IXR,ASX:IXR) press release.