THE DRILL SERGEANT: Intermin Resources (ASX: IRC) has kicked off a major discovery and Resource expansion drill program at the company’s 100 per cent-owned gold projects in the Kalgoorlie region of Western Australia.
Intermin Resources explained the drilling will be split approximately 50 per cent on new discovery and 50 per cent on resource growth.
The program will focus on three core project areas: Teal, Anthill and Blister Dam.
Resource expansion drilling at Teal, Jacques Find, Peyes Farm and Anthill will be testing extensions along strike and at depth outside current resource envelopes.
New discovery drilling at Blister Dam, Teal, Fire Ant and Anthill will be extended to target high-grade open cut and underground orebodies.
RC and diamond drilling will also be carried out to test beyond the limits of historic drilling.
“With the significant free cash flow that has been generated from our first mining project at Teal, our focus now turns to exploration success as we kick off the largest drill program in Intermin’s history,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“New discovery drilling comprises roughly half of the fully funded $4 million program with priority walk up targets on the prolific Zuleika Shear and Bardoc Tectonic Zone.
“The Western Australian goldfields is a world class gold producing region with significant discoveries still being made through modern systematic exploration and investment in deeper drilling.
“We look forward to the first drilling results and adding our own chapter to the rich mining history of the Western Australian Goldfields.”