The Mt Woods Inlier lies 50km south east of the mining centre of Coober Pedy in South Australia, and is one of Australia’s premier exploration areas.
Kangaroo Dam
Kangaroo Dam is the most advanced of the Company’s PGE projects. Results have included 22m @ 0.95g/t Pt+Pd+Au from 149m in drill hole KDD003. This mineralisation is hosted within brecciated mafic gneiss with disseminated to massive Pprrhotite aggregates up to 10cm in size.
|
Hole ID |
From |
To |
Interval (m) |
Pt+Pd+Au |
|
KDD003 |
149.0 |
171.0 |
22.0 |
0.95 |
|
includes |
152.0 |
153.0 |
1.0 |
2.71 |
The mineralisation in hole KDD003 is palladium dominant with a Pd:Pt ratio of 26:1.
Black Hill
Black Hill is an IOCG copper/gold project and displays similar style mineralisation to Prominent Hill and Olympic Dam. The project is still in the early exploration phase following 2 phases of RAB drilling and a single RC drill traverse consisting of three holes (MWRC001-003) which were drilled on 50m centres to follow up the anomalous results from the first RAB drill program. All three RC holes returned anomalous results with a best result of 1m @ 1.7% Cu and 0.1g/t Au from 72m in strongly weathered amphibolite.
|
Hole |
From |
Interval |
Cu |
Au |
Fe |
|
MWRC001 |
65m |
13m |
0.41 |
0.18 |
18.10 |
|
MWRC002 |
20m |
35m |
0.38 |
0.13 |
16.77 |
|
MWRC003 |
36m |
12m |
0.19 |
0.04 |
9.14 |
The mineralised horizon appears to have a 35 degree dip to the north, and hole MWRAB203, drilled as part of the recent RAB program, on the adjacent section 200m to the east intersected 320ppm Cu over 4m from 52m.
Mt Paisley
Mt Paisley is an IOCG copper/gold target. It is a major gravity and magnetic feature lying between Prominent Hill and Olympic Dam. Previous drilling in the vicinity of the planned holes indicates up to 800m of cover. IMX has been looking to source a deep hole diamond rig to drill up to 2 holes since mid 2006.