IMX Resources Limited (ASX: IXR) – $0.011
10 Feb 2015
IMX Resources Limited (ASX: IXR) has received final results from its diamond drilling program at the Chilalo Graphite Project located in southeast Tanzania (Figure 1).
Figure 1. Location of Chilalo Graphite Project
The final assay results from the 2014 drilling program include:
- 24 metres at 12.29% TGC from Hole DD067 (twinned from Hole RC140 that returned 24m at 11.7% TGC)
- 24 metres at 12.50% TGC from Hole DD068 (twinned from Hole RC157 that returned 24m at 13.1% TGC)
- 12 metres at 10.20%TGC and 10 metres at 9.64% TGC from Hole DD069 (twinned from Hole RC151 that returned 20m at 7.2% TGC)
The results reinforce the potential for a significant graphite resource at Chilalo with the diamond drilling results correlating with those from twinned reverse circulation drilling.
The company is working on metallurgical testwork and resource calculation with both expected to be completed in March 2015.
For further information, visit www.imxresources.com.au
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