THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced commencement of reverse circulation (RC) drilling at the Binduli JV gold project, located just outside of Kalgoorlie-Boulder in Western Australia.
Intermin Resources said its Joint Venture partner Evolution Mining (ASX: EVN) has kicked off the 4,000 metre drilling program, comprising up to 39 angled RC holes to test for gold mineralisation within extensional veins related to shearing along contacts between brittle porphyritic intrusions with the White Flag intermediate volcanic sediments.
At the Coot and Crake prospects, 26 RC holes will be drilled to test for new mineralisation for approximately two kilometres north along strike from previously identified mineralisation.
At the Honey Eater prospect, four kilometres southwest of the company’s 100 per cent-owned Teal gold mine, 13 RC holes are planned to test new targets along strike from historic drill intercepts.
Intermin recently completed a re-interpretation of regional geophysical data, from which it has identified numerous high magnetic anomalies it has interpreted as felsic porphyry units that have intruded the White Flag volcanic sediments.
The company considers the prospect to be a highly prospective structural setting as it occurs at the intersection of an extensive northwest-southeast trending shear zone and a crosscutting late stage fault.
“It is extremely pleasing to see the latest drilling program underway testing the higher priority drill targets in the prospective Binduli region of the WA Goldfields,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“Very little modern exploration has been undertaken in this area and we look forward to working with the team at Evolution to unlock the potential of these projects for mutual benefit.”