THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released an updated Mineral Resource Estimate for the company’s 100 per cent-owned Anthill gold project, located northwest of Kalgoorlie in Western Australia.
The JORC Code 2012- compliant Mineral Resource for Anthill now stands at 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold (>1.0g/t Au lower grade cut-off).
Intermin Resources explained the update to th Resource stemmed from drilling completed in 2017.
This included diamond drillhole AHD1701, which the company said was drilled to validate the mineralisation model, examine the mineralisation and vein orientations and obtain samples for metallurgical and physical properties testing.
The results from this hole confirmed Intermin’s geological model whereby mineralisation consists of a discrete steeply plunging quartz stock work zone developed within a folded and altered pillow basalt unit within the Zuleika Shear.
Shallow downhole RC intercepts from the 2017 program included:
41m at 2.63 grams per tonne gold from 69m;
30m at 2.98g/t gold from 73m;
11m at 3.72g/t gold from 46m ;
29m at 1.84g/t gold from 49m;
15m at 2.26g/t gold from 32m ;
7m at 4.58g/t gold from 37m and 43m at 1.46g/t gold from 54m;
19m at 2.22g/t gold from 39m and 27m at 2.17g/t gold from 98m;
19m at 1.5g/t gold from 32m and 38m at 1.48g/t gold from 86m; and
18m at 2.8g/t gold from 48m and 11m at 4.91g/t gold from 90m.
Deeper downhole RC intercepts included:
17m at 5.37g/t gold from 137m;
6m at 11.15g/t gold from 110m ; and
11m at 6.22g/t gold from 157m and 3m at 6.48g/t gold from 187m.
“The successful drilling at Anthill in 2017 has confirmed the company’s geological interpretation and the initial Mineral Resource is an excellent base on which to grow the project,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.
“Intermin takes a very conservative and economic approach to resource estimation and typically applies higher cut-off grades as we commence initial development studies.
“We now look forward to the upcoming extensional and new discovery drill program planned for the June Quarter and believe Anthill and new targets identified within the project area have the potential to be a significant part of our future production pipeline.”