THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released further reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located nine kilometres west of Kalgoorlie-Boulder in the Western Australian goldfields.
Intermin Resources completed the follow up resource definition drilling, which produced 1m split assay results from the initial RC program undertaken at the Crake prospect comprising 25 RC holes that include:
23 metres at 4.16 grams per tonne gold from 61m, including 3m at 20.73g/t gold from 66m;
18m at 3.13g/t gold from 70m;
5m at 2.73g/t gold from 55m and 16m at 1.32g/t gold from 73m;
11m at 1.46g/t gold from 106m and 8m at 2.51g/t gold from 124m;
15m at 1.96g/t gold from 75m;
12m at 1.75g/t gold from 45m; and
1m at 5.39g/t gold from 32m and 5m at 3.01g/t gold from 41m.
Initial 4m composite RC results from the follow-up drilling program returned:
8m at 3.22g/t gold from 100m; and
8m at 2.19g/t gold from 40m.
Intermin Resources said the results show gold mineralisation occurs over a 360m strike length and remains open along strike to the north and at depth.
The company is continuing follow-up drilling at Crake with over 5,000m drilled to date and further results expected in the current September quarter.
An additional 30 holes for 3,000m is planned for testing extensions along strike and at depth with drilling to commence in September 2018.
A detailed geological review has been completed with high priority targets generated at the Coote, Darter and Honeyeater prospects with first pass drilling to commence in the December quarter.
The company declared Binduli now joins Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new discoveries.
“These latest results have confirmed previous assays and are starting to demonstrate the potential scale and quality of the Crake prospect,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“Step out drilling continues to deliver excellent width and grade and we will continue with aggressive extension drilling in coming months.
“The exploration team have done an excellent job at Crake and have now identified a further three high priority targets within the Binduli project area and we look forward to testing these targets in an area where little modern exploration has been undertaken.”