• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks

    IMX Resources Finds High-quality Drill Targets at Chilalo Graphite Project

    Charlotte McLeod
    Jul. 28, 2015 10:05AM PST
    Battery Metals
    ASX:IXR

    IMX Resources Ltd. (TSX:IXR,ASX:IXR) announced that it’s identified two strongly conductive, high-quality drill targets near the high-grade Shimba resource at its Tanzania-based Chilalo graphite project.

    IMX Resources Ltd. (TSX:IXR,ASX:IXR) announced that it’s identified two strongly conductive, high-quality drill targets near the high-grade Shimba resource at its Tanzania-based Chilalo graphite project. It did so via a fixed-loop electromagnetic survey.
    Highlights include:

    • Two untested, high quality targets identified by a Fixed Loop Electromagnetic (FLEM) survey in close proximity to the existing high-grade Shimba resource at the Chilalo Graphite Project, Tanzania.
    •  New targets appear to represent extensions to the existing Shimba resource due to the similarity of their EM, magnetic and geological signatures to the high-grade mineralisation at the Shimba deposit.
    • The new targets represent attractive, high-probability resource extension opportunities which may be drilled in the future to extend the mine life at Chilalo.
    • FLEM surveying showing strong promise as an effective method of differentiating between lower grade and high-grade zones of graphite mineralisation in this area, where the VTEM has been ineffective.

    Phil Hoskins, CEO of IMX, commented:

    This is an excellent result for IMX, delivering two potential zones of new mineralisation at Shimba, but more importantly, offering a cost effective tool to help us prioritise future exploration targets prior to drilling.
    The existing Shimba resource is already sufficient to support IMX’s proposed scale of operation at Chilalo, so there is no intention to drill these extensions at this stage. However, if we do require additional resources in the future, this drilling can be undertaken cost-effectively and with a high degree of confidence.

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

    imx resourcesmine lifeasx:ixrtsx:ixr
    The Conversation (0)

    Go Deeper

    AI Powered
    Mclaren Minerals

    Phase 1 Drill Program – Operational and Geological Progress Update

    Metals Australia (ASX:MLS)

    Metals Australia

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×