Intermin Resources Highlights Potential Goongarrie Lady Gold Extensions

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) has completed a 500-metre reverse circulation (RC) extension program at the company’s 100 per cent-owned Goongarrie Lady gold project, north of Kalgoorlie in the Western Australian goldfields.

Intermin Resources completed four holes targeted into discrete areas approximately 100m south of the southernmost drilling the company completed last year.

Three exploration drill holes testing up to 500m south of the current pit design all returned new gold mineralisation, including:

2 metres at 1.5 grams per tonne gold from 32m, 1m at 1.41g/t gold from 45m, 2m at 17.7g/t gold from 47m and 2m at 1.48g/t gold from 68m;

1m at 2.34g/t gold from 45m; and

1m at 0.56g/t gold from 43m.

“These latest results have demonstrated the potential to extend the project to the south and we look forward to the results of the follow up drilling and assessing the impact on the current production profile and project economics,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

Intermin indicated it plans to fast track drilling at the Goongarrie Lady South area with an initial 1,000m of RC drilling planned.

The drilling will attempt to link up GLRC1804 and GLRC1805 to the projected mineralised trend south of the pit.

Several holes will also test the ground around GLRC1806.