Intermin Resources Encounters Gold Hits at Crake Prospect

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced further 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 completed drilling at the Crake prospect, part of the Binduli gold project area, consisting 85 RC holes for 8,096 metres drilled to an average depth of 95m.

The company has received all one-metre split assay results, which included:

13 metres at 4.1 grams per tonne gold from 65m, including 2m at 18.52g/t gold from 75m;

15m at 2.75g/t gold from 27m;

9m at 4.38g/t gold from 39m, including 1m at 31.2g/t gold from 39m;

4m at 4.9g/t gold from 52m and 10m at 2.49g/t gold from 74m;

1m at 26.1g/t gold from 68m; and

3m at 7.4g/t gold, including 1m at 19.6g/t gold from 27m and 2m at 4.41g/t gold from 46m.

The company declared the results demonstrate gold mineralisation over a 420-metre strike length and remains open along strike to the north and at depth.

It is now compiling all data to generate a maiden Mineral Resource Estimate with metallurgical test work and initial mining studies to commence in the March Quarter 2019.

Extension drilling at Crake is to continue as a priority in 2019, together with high priority targets including Coote, Darter and Honeyeater.

Intermin said it has now confirmed Binduli alongside Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new open cut and underground discoveries.

“These latest results continue to demonstrate the potential scale and quality of the Crake prospect in an area that has seen little modern exploration, particularly at depth,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“To have now identified mineralisation over a 420-metre strike length provides us with great confidence in the entire Binduli project area which will be a priority in 2019.

“We now look forward to compiling the first Mineral Resource Estimate at Crake and moving forward with mining studies and metallurgical test work to rapidly advance the project into the mine development pipeline.”