ASX-listed IMX Resources has announced that a regional exploration programme at its Nachingwea property in Tanzania has commenced.
In addition to its flagship Ntaka Hill Nickel Sulphide Project, IMX holds approximately 6 320 km2 of surrounding tenements in the highly prospective Nachingwea district.
IMX Resources advised that the 2013 regional exploration programme is expected to operate for the full period of the Ntaka Hill field season (May – December) and is supported by a dedicated team that plans to utilise a multi-disciplinary approach, integrating geophysics, geochemistry and geological information, to assess all previous targets and systematically test the best targets.
Further, the company revealed that during the 2013 field season, IMX will focus on following up regional targets involving analysis of satellite imagery to identify outcrop, review of existing VTEM anomalies identified during 2012, extensive regional soil sampling and potentially following up on the most prospective targets with drilling late in the season.
Despite the limited exploration previously undertaken on the broader Nachingwea area, the regional prospectivity has been demonstrated. Intersections of up to 2.71g/t Au and multiple intersections of anomalous base metals1 have previously been reported from the gossan discovered at the HOG prospect as well as a grab sample that returned up to 4.96 g/t Au2. The HOG gossan is over 1 km in length and between 25-180 m wide and located 21 km north-east of Ntaka Hill. At the Chilalo prospect, located 23 km north-east of Ntaka Hill, the company has previously reported copper mineralization over a 1 km strike with up to 0.4 m at 5.27% Cu, 15.05 g/t Ag and 0.41 % Zn.3
“Regional exploration conducted to date demonstrates the potential for additional styles of mineralisation to be present on our Nachingwea property and we look forward to progressing our regional exploration initiative to follow up on encouraging results obtained from work completed in 2012,” said IMX Resources’ MD Neil Meadows.