THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced reverse circulation (RC) drilling results from the company’s 100 per cent-owned Anthill gold project located 54 kilometres northwest of Kalgoorlie-Boulder in Western Australia.
Intermin Resources commenced Resource extension drilling at Anthill in June where a current JORC 2012-compliant Mineral Resource exists of 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold at a 1g/t cut-off grade.
Intermin carried out over 10,000 metres of RC drilling to a maximum depth of 200m at Anthill as part of a self-funded 2018 drilling program.
The initial results received from the drilling have shown strong mineralisation intercepted including:
81 metres at 1.48 grams per tonne gold from 119m, including 2m at 11.9g/t gold from 132m and 15m at 2.24g/t gold from 139m;
26m at 2.96g/t gold from 174m, including 1m at 17.9g/t gold from 194m;
4m at 15.5g/t gold from 56m;
15m at 1.79g/t gold from 48m and 4m at 1.91g/t gold from 80m;
16m at 1.32g/t gold and 24m at 1.28g/t gold 56m;
20m at 1.35g/t gold from 28m;
4m at 7.65g/t gold from 52m;
3m at 2.3g/t gold from 37m, 2m at 2.79g/t gold from 48m, 20m at 1.62g/t gold from 57m and 10m at 1.27g/t gold from 81m; and
4m at 1.36g/t gold from surface, 1m at 2.23g/t gold from 43m, 1m at 6.07g/t gold from 121m, 2m at 7.08g/t gold from 130m and 10m at 1.11g/t gold from 143m.
Intermin explained the initial drilling focussed on extending mineralisation beyond the current resource envelope to the north and south for open pit mine development studies.
The drilling has increased the strike length at Anthill from 150m to over 350m and remains open in all directions.
Intermin has now commenced a 4,000m follow up program and 1,000m regional new discovery program with further results expected in the current September Quarter.
An updated Mineral Resource for Anthill is expected in the December Quarter.
“These initial results from Anthill are now clearly demonstrating 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.
“The company will continue aggressive extension and new discovery drilling at Anthill and looks forward to releasing an updated resource and continuing mine development studies.”