THE DRILL SERGEANT: Intermin Resources (ASX: IRC) recently completed an extensive resource extension drilling program at the company’s 100 per cent-owned Anthill gold project on the Zuleika Shear, north-west of Kalgoorlie – Boulder in the Western Australian goldfields.
Intermin Resources drilled a total of 122 Reverse Circulation (RC) holes for 15,118m to an average depth of 120m and maximum depth of 284m that were focussed on extending the 120m of strike length that contains the current Mineral Resource estimate.
This stands at 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold.
Intermin said the new results have extended the known strike length to more than 400m with mineralisation intersected, including:
31 metres at 3.28 grams per tonne gold from 112m, including 1m at 31.7g/t gold from 130m;
19m at 2.7g/t gold from 57m;
10m at 2.79g/t gold from 80m;
12m at 2g/t gold from 36m;
4m at 8.13g/t gold from 60m;
8m at 1.92g/t gold from 96m and 4m at 7.67g/t gold from 112m; and
13m at 1.44g/t gold from 43m, 6m at 1g/t gold from 66m, 3m at 2.7g/t gold from 112m.
Intermin said that mineralisation it had intercepted to the north, south and east beyond the current resource envelope and remains open in all directions.
Drilling consisting twenty-four exploration air core and RC holes completed 2.5km NW of Anthill confirmed two new prospects, Fire Ant and Tree Ant.
Results from this returned:
5m at 2.45g/t gold from 33m and 1m at 0.91g/t gold from 44m;
4m at 0.69g/t gold from 32m and 8m at 1.37g/t gold from 80m; and
4m at 1.08g/t gold from 72m.
Intermin Resources anticipates an updated Mineral Resource for Anthill to be ready in the December Quarter with open pit mine development studies and further drilling scheduled for March Quarter 2019.
Further assays are pending and expected within the current Quarter with the rigs now drilling at the Binduli and Blister Dam gold projects.
“These latest results from Anthill continue to demonstrate the potential scale and quality of the orebody that continues to grow with each drilling campaign and certainly justifies our belief that the Zuleika Shear can deliver new large-scale open cut and underground gold deposits,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“Once we receive the final assay data we will compile an updated Mineral Resource Estimate in the current December Quarter and progress future development studies in early 2019.”