IMX Reports New Gold-in-Soils Anomaly Near Kishugu Prospect

IMX Resources Ltd. (TSX:IXR,ASX:IXR) announced that it’s delineated an “extensive new gold-in-soils anomaly” about 35 kilometers from its Tanzania-based Kishugu gold prospect. The company has named the new target Naujombo, and notes that it was “identified from geochemical and geophysical datasets.”

As quoted in the press release:

Naujombo is an extensive, coherent, gold-in-soil anomaly which has been delineated by regional reconnaissance soil sampling conducted on a 400m x 200m grid with maximum values of up to 131ppb Au in the main anomaly. The anomaly measures approximately 5km in length by 1km wide at greater than 20ppb Au and remains open in three directions (Figure 2). Naujombo also exhibits multi-element anomalism including arsenic, bismuth and silver, which are typical pathfinder elements for gold deposits and similar to the geochemical signature of Kishugu.

While IMX’s original plan was to commence drilling at Kishugu during the June Quarter, the Company has now decided to modify its exploration approach by conducting additional exploration programs initially at both Kishugu and Naujombo. The additional exploration, which will include extending the soil sampling at Naujombo, trenching and geophysics, is expected to commence at Kishugu and Naujombo in May 2015.

Phil Hoskins, CEO of IMX, commented:

This opens up the gold potential of our tenements quite significantly outside of Kishugu. Naujombo ticks all the key boxes thus far from a geochemical, geophysical, geological and structural perspective, presenting as a target of equal importance to Kishugu.

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