Intermin Resources Extends Baden Powell Mineralisation

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced results of reverse circulation (RC) undertaken on the company’s 100 per cent-owned Baden Powell gold project, located north of Kalgoorlie-Boulder in Western Australia.

Intermin Resources explained the drilling was designed to test for shallow strike extensions to previously identified mineralisation adjacent to an historic shallow open pit mine.

Intermin has conducted drilling at Baden Powell throughout 2017, comprising eight RC holes carried out in two parts.

The company reported the results from the first five holes in August, which highlighted a new discovery in BPRC1703 (17m at 3g/t gold from 104m).

The final three holes of the program have only recently been completed, encountering mineralisation approximately 120 metres north along strike of hole BPRC1703.

Highlight intercepts include:

14 metres at 1.87 grams per tonne gold from 129m; and

10m at 1.3g/t gold from 183m, including 2m at 3.93g/t gold from 183m.

“The results from Baden Powell are encouraging given they have extended the strike length of the mineralisation and demonstrated the system is developing at depth,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Follow up work is planned for the second half of 2018.

“The company is certainly spoilt for choice as we plan the large scale self-funded drilling program for 2018.

“Anthill and Jacques Find will be prioritised given recent drilling success and we eagerly await results from the current drilling at Blister Dam due early in the March Quarter.”

Intermin indicated the drilling results it has achieved throughout 2017 have encouraged the company to conduct further drilling.

This is most likely to occur at the Anthill and Jacques Find projects, which will be prioritised for follow up in 2018.

Intermin will also focus on low level exploration work at Baden Powell, with the intent to conduct a soils-mapping program over M24/959 and possibly an Induced Polarisation (IP) survey.

The company considers the IP survey could assist in fast tracking targeting of potential locations of an interpreted high-grade structure intercepted in hole BPRC1703.

Any IP targets discovered would be drill tested early in 2019.