Intermin Resources Encounters New Teal Mineralisation

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) reported reverse circulation (RC) drilling results from the company’s 100 per cent-owned Teal gold project, located 11 kilometres northwest of Kalgoorlie-Boulder in Western Australia.

Intermin Resources said the drilling had resulted in a new discovery and provided prospective Resource growth for the project.

A total of 182 RC holes were completed with the majority focussed on resource growth at Teal, Jacques Find, Peyes Farm and Yolande prospects.

New, fresh rock mineralisation was discovered 100m east of the Teal pit at Teal East where two holes returned encouraging results including:

9 metres at 3.33 grams per tonne gold from 60m; and

12m at 3.43g/t gold from 96m.

New, shallow gold mineralisation was discovered on the eastern edge of Teal pit with oxide and transitional results including:

14m at 3.02g/t gold from 41m; and

8m at 1.3g/t gold from 42m.

Depth and northern extension drilling at the Peyes prospect confirmed depth extensions with results including:

4m at 4.29g/t gold from 167m; and

2m at 1.69g/t gold from 194m, 2m at 5.15g/t gold from 204m and 3m at 1.73g/t gold from 217m.

Completed drilling at Jacques Find demonstrated potential for depth extensions (>200m depth) in the northern extension with results including:

10m at 1.28g/t gold from 150m, 6m at 8.7g/t gold from 177m, including 2m at 16.55g/t gold from 177m; and

10m at 2.12g/t gold from 139m.

“The large drilling program at the Teal gold camp has certainly delivered excellent results to date and identified four parallel mineralised structures across a six kilometre strike zone, demonstrating the potential scale of the system,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“We now look forward to the updated resource and moving forward on mining studies to continue creating value for shareholders in this fantastic part of the Western Australian goldfields.”