THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released further reverse circulation (RC) drilling results, this time from the company’s 100 per cent-owned Teal gold project, located 11 kilometres from Kalgoorlie-Boulder in Western Australia.
Intermin Resources completed five RC holes at the Jacques Find discovery to follow up encouraging RC drilling results announced in November that included:
26 metres at 7.81 grams per tonne gold from 48m and 16m at 5.33g/t gold from 86m.
The company explained four of the latest holes targeted oxide-transitional mineralisation zones and the fifth hole was completed as a re-entry of hole JFRC1701, which had been interpreted to have finished short of the target zone.
Results from the latest RC drilling include:
27m at 4.16g/t gold from 45m ;
1m at 9.53g/t and 10m at 2.59g/t gold from 71m ; and
2m at 3.38g/t gold from 31m.
“Jacques Find is shaping up as a significant new discovery within our 100 per cent-owned asset portfolio and will be the subject of a larger scale resource drill program in 2018,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“The latest results, particularly in the shallower supergene zone have demonstrated potential for both open cut and underground mining.
“Jacques Find is quickly joining Anthill and Blister Dam as a key part of Intermin’s longer term production profile.”