Intermin Resources Drills Encouraging Start at Binduli

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) reported initial reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located west of Kalgoorlie-Boulder in the Western Australian goldfields.

Intermin Resources commenced a self-funded $4 million, 55,000m drilling program in Frbruary across its 100 per cent-owned Kalgoorlie gold projects focussed on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam gold projects.

In March 2018, the Binduli joint venture tenements were returned to Intermin on a 100 per cent basis with the company commencing an initial 5,000m RC program at the Crake prospect shortly thereafter.

Downhole intercepts received to date from the Crake prospect include;

28 metres at 3.3 grams per tonne gold from 56m, including 4m at 15.1g/t gold from 64m;

20m at 4.57g/t gold from 68m, including 8m at 8.38g/t gold from 80m;

28m at 2.43g/t gold from 104m, including 8m at 5.87g/t gold from 124m;

36m at 1.19g/t gold from 52m;

4m at 3.24g/t gold from 48m, 16m at 1.24g/t gold from 76m and 4m at 1.29g/t gold from 108m;

18m at 1.75g/t gold from 72m; and

16m at 1.81g/t gold from 32m.

Intermin said the results show gold mineralisation exists over a 250m strike length and remains open along strike and at depth.

“To be intersecting excellent width and grade at relatively shallow depths in our initial program at Crake is extremely encouraging and we look forward to receiving the remaining assays from the drilling program in coming weeks and compiling an initial resource model,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The Binduli project area now joins Teal, Anthill and Blister Dam as a key asset in our gold portfolio with these drilling results providing growing confidence to accelerate further drilling at Crake and the other four priority prospects within this world class gold producing region.”