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IMA for gold bugs

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    Is the below of interest? or are these preliminary results poor?

    IMAGE RESOURCES NL 2002-09-18 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    MT ELSIE (IMAGE INTEREST RANGING FROM 25% - 49%, INCREASING)

    Detailed geological mapping of the central gold-anomalous zone at the
    Mt Elsie project has defined a large and complex vein system over a
    3.5km strike length. Numerous quartz veins ranging up to 2m in width
    and up to 400m in length mostly occur within a 300m-wide corridor
    coinciding with a high magnesium basalt unit within the Mt Elsie
    volcanic sequence. The vein arrays display a brittle deformation
    character, not unlike the quartz vein systems at the Wiluna and
    Jundee gold deposits in Western Australia.

    Visible gold has been observed in several of the veins and a
    programme of rock sampling across the vein outcrops is in progress to
    define specific drilling targets. Extensive scree cover may be
    obscuring the full thickness of the veins and associated stringers.
    The rock samples are being analysed using a cyanide leach method
    appropriate for estimating the grade of coarse gold mineralization.
    Significant results to date include:

    SAMPLE NUMBER CO-ORDINATES THICKNESS GRADE
    NORTH EAST m Au g/t

    MERK 16 7325 50854 0.7 12.97
    MERK 17 7338 50865 0.5 28.16
    MERK 24 7386 50821 0.1 6.90
    MERK 25 7392 50825 0.3 17.69
    MERK 28 7394 50897 0.2 25.35
    MERK 39 9785 50018 0.3 7.73
    MERK 42 8448 50523 0.5 31.18
    MERK 43 8440 50516 0.4 18.09
    MERK 44 8432 50509 0.4 25.17
    MERK 45 8429 50503 1.2 4.21
    MERK 46 8433 50504 0.4 7.33
    MERK 106 8458 50526 0.2 7.61
    MERK 107 8441 50512 0.3 11.47
    MERK 111 7277 50958 0.1 8.73
    MERK 112 7743 50817 0.2 21.97

    A programme of soil sampling (600 samples) has been completed at the
    southern end of the main mineralized zone, where outcrop is less
    extensive, in order to test the extent of mineralization intersected
    in previous drilling (best result 8m at 12.8g/t gold from 16m
    depth). Results of this sampling are awaited. Drilling of high-grade
    gold targets and areas of multiple quartz veining is scheduled to
    commence at the end of September.

    Would appreciate comment on the quality of the above result.

    thx
 
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