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i-minerals inc (IMA.V) (IMAHF)

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http://www.imineralsinc.com/


Short Version

i-minerals inc.'s (TSX.V:IMA OTCBB:IMAHF.pk) primary focus is the development of the deposits of the Helmer - Bovill project in north-central Idaho.

Three types of deposits have been identified on the Helmer – Bovill property:
(i) feldspar / quartz deposits within the unweathered Thatuna granodiorite (“TG”);
(ii) residual deposits of feldspar / kaolin / halloysite / quartz within the weathered TG;
(iii) sedimentary deposits (transported residual deposits) of kaolin.

Currently a feasibility study is expected to be completed on the quartz feldspar deposit by end of 2007 and contains an inferred resource of 5.4 million tons of feldspar and 2.2 million tons of quartz

A NI 43-101 independent reserves audit of the property shows a massive halloysite deposit 100 feet deep by 1,000 acres, this transposes to approximately 100 million tons of halloysite with a nano-tubular cell structure. The feasibility study will be completed by the end of Summer 2008. This is an open pit mine situation with 30 feet of overburden

The primary focus of the company is first the feldspar/quartz deposit to provide a money stream then the halloysite deposit will be open pit mined.
A rail line spur runs near the property and the property is in close proximity to barge traffic along the Snake River to an international seaport

Shares Issued and Outstanding 16,453,765
Fully Diluted 27,983,785

• Latest financial statement http://www.imineralsinc.com/resources/fs073107.pdf


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Long Version

i-minerals inc. is developing its Helmer-Bovill property in Latah County, Idaho and holds its land tenure through state of Idaho mineral leases. The property is underlain mostly by the Thatuna granodiorite, the primary source of feldspar and quartz, and the Latah formation, a sedimentary sequence of sands and clays. Where the granodiorite has weathered, residual deposits of kaolin occur in place, and sedimentary deposits of kaolin occur contiguous to the Thatuna. Within the Thatuna granodirorite the Kelly’s Basin Feldspar Resource contains an inferred resource of 5.4 million tons of feldspar and 2.2 million tons of quartz. Work completed to date indicates very good Feldspar Quality. The Helmer-Bovill area has a long History of Clay Mining. Beyond the unexploited clay deposits additional resources such as Washington Brick and Lime (WBL) Tailings Resource provide ready access to quartz and feldspar resources.

Land Tenure
i-minerals inc. has rights to 10 mineral leases (“the Property”) from the state of Idaho comprising 4,649 acres (1,881 ha), all located near the town of Bovill in Latah County, Idaho. The state mineral leases are 10- year renewable leases held by i-minerals Helmer-Bovill, LLP a limited liability partnership in which the company’s wholly owned subsidiary i-minerals USA inc. is the managing general partner. The property is held through an agreement with Idaho Industrial Minerals (IIM) LLC of Lewiston, Idaho. Under the terms of the agreement, i-minerals can earn a 100% interest in the Property by issuing IIM a total of 1,750,000 common shares of the Company subject to completion of a staged work program directed toward progressive development of the Property. To date 450,000 shares have been delivered to IIM with the next due on the completion of a feasibility study.

Thatuna Granodiorite Feldspar Deposits
The leases are underlain mainly by granitoid intrusive rocks of the Thatuna batholith, along with Latah formation sediments and Columbia River basalts. The Thatuna granodiorite is a source of feldspar with a significant sodium (Na2O) component. Unweathered portions of the granodiorite near the ground surface are the sources of the feldspar and quartz resources reported to date.

Residual Clay Deposits
Across time this granodiorite has been subjected to strong weathering. The sodium feldspars (plagioclase) within the granodiorite weather much faster than the potassium feldspar or the quartz and are the source material of the kaolinitic clays. Localized deep weathering of the granitoid bodies formed residual deposits of kaolin, potassium feldspar (K-feldspar) and quartz. These deposits are referred to as “residual” as they have weathered in place without being transported.

Sedimentary Clay Deposits
“Sedimentary” clay deposits are also present on the property. Here, the material created by the erosion of the granodiorite is transported. These sediments, composed of sand and clay, were deposted into a series of lakes that were created as a result of damming of ancient rivers by the extruding Columbia River basalts. Sediment deposited in lakes such as in the Helmer-Bovill area are called lacustrine. As a result of the transport of these sediments by water, clays and sands are naturally sorted by size and weight. Both the residual and the sedimentary clay deposits reportedly contain kaolinite, halloysite, or both kaolinite and halloysite, defining these clays as “kaolin”.

Feldspar Quality
i-minerals inc. conducted preliminary research into the recovery and processing of feldspar from the Helmer-Bovill area deposits. This work has shown that the Helmer-Bovill area has excellent prospects for the future production of high- grade feldspar from both primary granitoid rocks and tailings deposits. As a consequence of this work, i-minerals will focus most of their efforts on achieving economic success from the production of commercial- grade feldspar and quartz.

Historic Clay Mining
The Helmer-Bovill area, as well as other areas in Latah County, has a long history of exploitation for clays contained in the weathered Thatuna granodiorite and the Latah formation. The products from these clays have included structural clay products, refractories, ceramics, paper fillers, etc. More than a million tons of clay products have been produced. Hubbard (1956) estimated that the area contains a resource of 50 million tons, based on rough calculations. This resource can be considered uncategorized and unconfirmed in terms of NI 43-101.



A detailed review of the Helmer Bovill property and resources in accordance with National Policy 43-101 is available

Report On the HELMER-BOVILL FELDSPAR, QUARTZ, AND KAOLIN MINERAL LEASES, LATAH COUNTY, IDAHO by James L. Browne, PG March 13, 2006)
http://www.imineralsinc.com/resources/TR_031306.pdf
(* this file is large 6.75MB, 93 pages)


2007 Annual Report
http://www.imineralsinc.com/resources/AR2007.pdf


Management 

 


Roger Kauffman, President and CEO leads the company’s management team. Roger has been actively involved in mineral exploration and development for 35 years. During his career he has held senior management positions with established producers including Amax Gold and Hecla Mining and has been integral in the commissioning of a number of industrial mineral and metals mines including Fort Knox, Greens Creek and La Camorra.



A. Lamar Long, Exploration Manager overseas all geological developments. Prior to joining i-minerals, Lamar spent 13 years as the Exploration Manager, Industrial Minerals for Hecla Mining Corporation where he developed, planned and managed all exploration programs for industrial minerals. Earlier in his career Lamar was a Project Geologist for J.M. Huber Corporation for 7 years where he managed industrial minerals projects including a regional exploration program for kaolin in Georgia and South Carolina.

Investor Relations

Encompass Communications Inc
Peter Genge 877.566.6592 or 604.630.0770
Email: info@encompassinc.ca


Head Office
880 – 580 Hornby Street Vancouver, BC, V6C 3B6
Telephone 604.303.6573 Toll Free 877.303.6573
Contact: Barry Girling Email: info@imineralsinc.com

Directors
Roger A. Kauffman* - Hayden Lake, Idaho
W. Barry Girling* - Vancouver, British Columbia
Allen L. Ball* - Idaho Falls, Idaho.
*Member of Audit Committee

Officers
Roger A. Kauffman - President, CEO and Chairman
William D. Filtness - Corporate Secretary

Auditors
BDO Dunwoody, LLC - Chartered Accountants.Vancouver, British Columbia

Solicitors
Glenn Yeadon - Tupper Jonsson & Yeadon.Vancouver, British Columbia

Transfer Agent
Pacific Corporate Trust Vancouver, British Columbia

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Press Releases
 

May 11, 2009: i-minerals agrees to terms on Convertible Debenture Financing
May 4, 2009: Quarterly Feasibility and Permitting Update on Kelly's Basin Feldspar - Quartz Deposit


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DISCLAIMER - Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information

 
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IMAHF News: Proxy Statement (definitive) (def 14a) 11/10/2016 02:16:04 PM
IMAHF News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 10/28/2016 04:27:47 PM
IMAHF News: Small Company Offering and Sale of Securities Without Registration (d) 10/04/2016 06:04:36 AM
IMAHF News: Quarterly Report (10-q) 09/14/2016 05:08:39 PM
IMAHF News: Annual Report (10-k) 07/28/2016 06:07:54 AM
PostSubject
#282   Feasibility this Jan 2016? BajaWizard 12/06/15 11:05:57 AM
#281   NEWS...snooze; "...about a year from a full feasibility..." Twister 06/03/14 01:29:09 PM
#280   I-Minerals Completes Core Evaluations; Data Sent to SRK Twister 03/27/14 10:13:51 AM
#279   NEWS...I-Minerals served with complaint; CEO needs calendar! Twister 03/20/14 07:06:05 PM
#278   NEWS... Endless analysis remains endless! Twister 03/05/14 01:09:08 PM
#277   The fiscal year end referred to in the wald 09/04/13 03:16:33 PM
#276   "Permitting is in place for the production and wald 07/23/13 10:51:46 AM
#275   wald no I am not, I have not Doubloon 04/09/13 03:32:42 PM
#274   Doubloom, are you still an investor in this wald 04/09/13 03:00:25 PM
#273   See the Annual Report filed by Applied Minerals wald 03/19/13 02:15:08 PM
#272   Management...has acquired PHD in delays; Potential remains excellent! Twister 01/24/13 09:01:57 AM
#271   Applied Minerals, Inc. has completed a $5.56 million wald 01/24/13 03:08:29 AM
#270   I-Minerals Receives Excellent Halloysite Testing Results Twister 06/26/12 10:14:49 AM
#269   I-Minerals Files 43-101 / highlights Twister 01/19/12 01:23:41 PM
#268   i-minerals Announces Positive Results of the Preliminary Economic Dobie Lama 12/05/11 04:36:23 PM
#267   Pilot plant begins production of high-purity quartz products. Twister 11/08/11 01:48:27 PM
#266   So did the name get changed? wald 10/28/11 06:45:15 PM
#265   Annual/special general shareholder meeting/vote your shares! eom Twister 10/16/11 01:34:25 AM
#264   These mining stocks take years to go from Dobie Lama 09/29/11 02:44:15 PM
#263   More delays. Dobie Lama 08/22/11 06:04:52 PM
#262   HIGH PUREQUARTZ PRODUCT PRODUCED FROM BASIC FLOTATION OF Dobie Lama 07/28/11 03:27:36 PM
#261   They are moving closer to the end game. Dobie Lama 07/14/11 03:53:06 PM
#260   IMAHF/IMA News: Drilling to upgrade 20 years production... Twister 07/14/11 01:40:32 PM
#259   IMAHF/IMA...DURTEC GmbH to study halloysite markets and applications Twister 06/27/11 12:59:37 PM
#258   IMAHF News... Twister 05/04/11 01:04:58 PM
#257   I-minerals closes on private placements... Twister 05/02/11 08:15:27 AM
#256   Successful businessman. He/his group provides company funding. eom Twister 04/29/11 02:17:25 AM
#255   What is known of Allen L. Ball of wald 04/28/11 02:37:07 PM
#254   Unlimited shares bad, but...Conway is a winner! eom Twister 04/14/11 02:35:11 PM
#253   I voted against it, they need some financing Doubloon 04/10/11 07:25:56 PM
#252   Doberman,Doubloon: you received the proxy for the next chemist99 04/10/11 07:15:35 PM
#251   Thanks Dob, great company, great review, great products 1iftrue 03/11/11 02:39:10 PM
#250   Thursday March 10, 2011, 9:00 am EST Dobie Lama 03/10/11 02:24:10 PM
#249   Dob, so true and so funny, pump pump 1iftrue 03/10/11 01:04:01 PM
#248   IMAHF was my first "penny" stock. Got in Dobie Lama 03/10/11 12:55:14 PM
#247   So true Doberman, your on the mark, I 1iftrue 03/10/11 12:42:31 PM
#246   i-minerals inc.: Feasibility, Permitting and Metallurgical Work Update Doubloon 03/10/11 11:53:35 AM
#245   Hey condon, IMAHF will go into production someday! Dobie Lama 03/09/11 11:07:00 AM
#244   You betch ya Doub, got mine too!! 1iftrue 03/08/11 12:34:53 AM
#243   he's got my vote Doubloon 02/01/11 12:33:28 PM
#242   i-minerals inc.: Thomas M. Conway Appointed President & Doubloon 02/01/11 08:41:29 AM
#241   Last PPS: $0.32 wald 01/19/11 10:36:13 PM
#240   -minerals announced Brokered Private and Non-Brokered Private Placements Dobie Lama 01/19/11 03:11:05 PM
#239   Halloysite, a naturally occurring aluminosilicate nanotube, has been Dobie Lama 01/04/11 10:23:08 PM
#238   I-Minerals: a sleeping giant IMHO. check out the chemist99 01/01/11 05:28:29 PM
#237   Trading has resumed but you will need to Dobie Lama 12/01/10 02:17:58 PM
#236   Preliminary Economic Assessment Study of its Primary Clay Doubloon 12/01/10 01:26:36 PM
#235   does anyone have a resume time? Breakout 12/01/10 12:06:10 PM
#234   It's good news for sure. Dobie Lama 12/01/10 11:44:19 AM
#233   HALT IN TRADING IMA.V AT COMPANY REQUEST wald 12/01/10 11:08:46 AM
PostSubject