Image Resources Obtain New 62km2 Tenement Covering Atlas Deposit Extension

10:39 AEST Nov 16, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - Image Resources NL (ASX: IMA) (PINK: IMREF) has recently increased its landholding to 150km2 at the Cooljarloo heavy mineral project by addition of a 62km2 tenement E70/997 (Munbinia Project). This 100%-owned tenement is situated directly south of the very prospective Atlas deposit which includes a Measured and Indicated Resource of 12.1M tonnes at 7.4% HM containing 895,000 tonnes of HM (refer to ASX Release dated 27 October 2010). The core of the Atlas deposit (+5% HM) extends for approximately 5km.

The southern part of the Atlas deposit has not been closed off. Reviews of topographical (DEMS) and other technical data have identified the target shown in the attached map as being at least 5km in length. This high priority target will be followed up as soon as possible by the company upon completion of permitting. Exploration will comprise detailed geophysical surveys followed by aircore drilling traverses over the detailed target areas defined.

For the complete Image Resources announcement including figures, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/64188-ASX-IMA-515433.pdf


About Image Resources Nl:

Image Resources is an active, innovative, Australian-based mineral explorer with a substantial portfolio of gold, nickel and mineral sand prospects in Western Australia. Incorporated in 1994, Image was formed to utilise an extensive Australian aeromagnetic database compiled over many years by the Company's founders. Image has used this powerful and unique data set, together with the experience and interpretive skills of its management, to acquire a range of prospects with high mineral potential.




Contact:

Image Resources Nl
George Sakalidis
Managing Director
Tel: +61-8-9485-2410
Mob: +61-411-640-337

Roger Thomson
Executive Director
Tel: +61-8-9485-2410
Mob: +61-419-969-183