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Market:	ASX
Sector:	General Mining
EPIC:	IXR
Latest Price:	0.29 (1.75% )
52-week High:	0.77
52-week Low:	0.27
Market Cap:	76.16M

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IMX Resources Full IMX Resources profile here

IMX Resources (ASX: IMX) is an Australian based, diversified resources developer and explorer, holding a diverse portfolio including core projects in copper, nickel, iron ore and PGE.

IMX's strategy is to become a mid-tier miner through the development of a portfolio of assets based on multiple commodities coupled with geographical diversity, with operations and interests in Australia, Africa and India.

IMX Resources reports new nickel copper intersections at Nachingwea

Thursday, September 09, 2010

IMX Resources (ASX: IXR) and its majority JV partner at Nachingwea, Continental Nickel (TSXV:CNI) have completed the 2010 diamond drilling programme at Nachingwea in southern Tanzania, identifying new nickel copper intersections.

There were 36 holes drilled for a total of 4,988.8 metres of diamond core, with 35 of the holes drilled at Ntaka Hill as part of an extensional drilling programme to expand the currently defined nickel-copper sulphide Mineral Resources.

A single diamond hole was completed at the regional Lionja prospect for 266.1 metres.

The planned regional exploration reverse circulation drilling programme is now scheduled to commence in October 2010 to test priority targets developed from ongoing regional field validation.

Intersection highlights include:

L Zone
- 10.04% Ni, 1.00% Cu and 0.16% Co over 1.9m from a wider 5.35m interval grading 4.15% Ni, 0.49% Cu and 0.06% Co in hole NAD10-199

M Zone
- 1.2% Ni, 0.36% Cu over 10m from a wider 21m interval grading 0.89% Ni, 0.22% Cu in hole NAD10-193

C Zone
- 1.18% Ni, 0.26% Cu over 4m in hole NAD10-192
- 0.74% Ni, 0.17% Cu over 13.25 metres in Hole NAD10-194

The current Measured and Indicated Mineral Resources at L Zone are estimated at 221,000 tonnes grading 1.71% nickel and 0.32% copper, with the M Zone estimated at 344,000 tonnes grading 1.73% nickel and 0.38% copper.

IMX has a 30 per cent stake and CNI a 70 per cent stake in the Nachingwea project.

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