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IMX Resources and its partner MMG Limited is making inroads at its Nachingwea exploration project in south-east Tanzania. The project includes the Ntaka Hill nickel sulphide project, where it is targeting high-grade nickel mineralisation.
On 19 September, IMX and MMG entered into a five-year US$60 million earn-in, joint venture agreement. Through the agreement, MMG took responsibility for management of Nachingwea.
Since taking over management, MMG has focussed on identifying targets for the 2014 drilling programme, using a range of geophysical methods and geological data bases.
In addition, MMG is carrying out diamond drilling to test for mineralisation down plunge of existing near surface high-grade mineralisation. MMG is targeting a resource in the order of 27 million tonnes at 1.5% Ni for 400,000 tonnes of contained nickel.
The initial work programme defined by MMG has the primary objective of rapid evaluation of the potential for high-grade nickel discoveries and successful achievement of this resource target.
The budget for the initial work program is US$10 million, and includes 16 000 m of diamond drilling and 8 000 m of reverse circulation (‘RC’) drilling.
MMG is specifically targeting high-grade nickel mineralisation within southerly plunging conduits or tubular bodies known as chonoliths. Exploration for these targets is best achieved using a combination of ‘deep looking’ geophysical techniques, targeted drilling and follow up downhole electro-magnetic (EM) surveys.
The MMG work programme includes a regional exploration programme over the Ntaka-Lionja Corridor and other regional tenements. The Ntaka-Lionja Corridor comprises an area of approximately 60 square kilometres that extends from the southern edge of Ntaka Hill, south to Lionja.
It has previously been identified as having similar characteristics and host rocks to the Ntaka ultramafic intrusive complex. Magnetics and gravity data suggest the potential for additional ultramafic intrusions between the two prospects.
Exploration will be guided by soil survey and gravity survey results and NSAMT/EM work currently underway.