THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced first pass drilling results from the company’s 100 per cent-owned Blister Dam gold project, located on the Zuleika and Kunanalling shear zones, north west of Kalgoorlie-Boulder in Western Australia.
Intermin Resources drilled 46 holes, to an average depth of 90 metres, at nine of 21 high-priority targets it had identified in 2017.
Five new prospects have been generated in the project area, including: Argo, Seven Seas, Syledis, Atlantic and Tasman, all located along the Zuleika shear zone.
High-grade RC downhole intercepts included:
5 metres at 4.12 grams per tonne gold from 46m; and
1m at 19.9g/t gold from 24m.
1m at 36.00g/t gold from 35m; and
4m at 3.33g/t gold from 43m.
2m at 1.31g/t gold from 67m.
8m at 0.53g/t gold from 30m.
Intermin said the initial drilling had confirmed two distinct gold mineralisation styles: strongly developed high grade quartz veins and broader lower grade shear hosted gold mineralisation.
The company has designed the next phase of drilling at Blister Dam following a review of all results and further detailed geological assessment.
As part of a $4 million new discovery and resource growth program planned for 2018, over 7,000 metres of drilling has been allocated at Blister Dam in the first half of 2018 with up to an additional 7,000m as required in the second half of the year.
“With these excellent first pass results, Blister Dam has certainly staked its claim as one of the most exciting assets within our portfolio to deliver a significant new discovery,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“We now look forward to the large scale follow up program commencing shortly in an area on the Zuleika shear zone that has had very little modern exploration and remains virtually untested at depth.”