THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced reverse circulation (RC) drilling results from the company’s 100 per cent-owned Teal gold project, northwest of Kalgoorlie-Boulder in Western Australia.
Intermin Resources has been conducting the ongoing 55,000m drilling program since February, which is focussed on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam gold projects.
As part of the program, 20,000m of RC and diamond drilling was planned for the Teal project area to grow the current resource base and test new discovery targets the company identified in its 2017 drilling program.
To date, 131 holes have been completed at the Jacques Find and Yolande prospects returning high-grade downhole RC intercepts, including:
10 metres at 6.7 grams per tonne gold from 60m, including 4m at 14.63g/t gold from 60m;
8m at 5.88g/t gold, including 4m at 10.2g/t gold from 124m;
8m at 5.28g/t gold from 64m, including 1m at 19.7g/t gold from 66m; and
6m at 6.69g/t gold from 91m, including 1m at 33.4g/t gold from 92m.
Intermin said the drilling had extended Jacques Find to over 800m in strike length and linked it to the Yolande mineralisation to the north.
The drilling also encountered new mineralisation 400m north of Yolande and 250m west of the Teal mine.
Results also confirmed multiple lodes at Jacques Find with oxide and similar transitional gold mineralisation to Teal amenable to open pit development.
Intermin anticipates drilling at the Teal gold project area will be completed in June with two rigs moving to the Binduli gold project area before commencing a 14,000m program at the Anthill gold project, 45km northwest of Kalgoorlie on the Zuleika shear zone.
“The drilling results to date continue to deliver excellent width and grade and now demonstrate the continuity of the Jacques Find trend along 800 metres of strike length,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“Multiple parallel structures have now been identified providing significant potential for further resource growth.
“The company now looks forward to receiving all the drilling data from the Teal gold camp and compiling an updated resource for release in the September Quarter.
“The drill rigs now move on to the exciting Binduli and Anthill gold projects where we aim to grow our resources, add to our production profile and continue the search for Kalgoorlie’s next new gold discovery.”