Intermin Resources Extends Jacques Find Mineralisation

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

Intermin Resources said the drilling was undertaken to test for extensions to known mineralisation at the Jacques Find prospect and to test an Induced Polarisation (IP) anomaly that trends for over 600 metres along strike at the Yolande prospect.

High-grade downhole RC intercepts from the program include:

26 metres at 7.81 grams per tonne gold from 48m and 16m at 5.33g/t gold from 86m;

7m at 7.13g/t gold from 100m;

12m at 4.25g/t gold from 66m;

5m at 2.13g/t gold from 133m and 5m at 3.49g/t gold from 151m; and

12m at 1.94g/t gold from 84m.

“These excellent widths and grades clearly demonstrate the potential scale and quality of this large new mineralised system in the heart of the WA Goldfields,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The new results at Yolande are also encouraging as the mineralisation appears to be related to the IP anomalies north of the Jacques Find discovery where very little drilling has been conducted to date.

“This area has now been prioritised with follow up drilling now commenced.”

Intermin indicated that the quantity of high-grade mineralisation discovered in JFRC1704, had provided impetus for the company to commence a new priority follow up RC drill program.

The drilling will comprise five holes, three of which will be completed near JFRC1704 the company expects will help provide further detail on the geometry of this shoot.

Intermin has also interpreted hole JFRC1701 to have been drilled too shallow and as such will be re-entered to test the depth extension of the gold discovered in JFRC1708.

One further hole is planned to test the strike length of a black shale unit situated a further 80m north of JFRC1708.

Intermin anticipates results of this program to be available in the current December Quarter.