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Intermin Resources Encounters Gold Hits at Crake Prospect

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) announced further reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located west of Kalgoorlie-Boulder in the Western Australian goldfields.

Intermin Resources completed drilling at the Crake prospect, part of the Binduli gold project area, consisting 85 RC holes for 8,096 metres drilled to an average depth of 95m.

The company has received all one-metre split assay results, which included:

BRC18036
13 metres at 4.1 grams per tonne gold from 65m, including 2m at 18.52g/t gold from 75m;

BRC18069
15m at 2.75g/t gold from 27m;

BRC18079
9m at 4.38g/t gold from 39m, including 1m at 31.2g/t gold from 39m;

BRC18044
4m at 4.9g/t gold from 52m and 10m at 2.49g/t gold from 74m;

BRC18096
1m at 26.1g/t gold from 68m; and

BRC18071
3m at 7.4g/t gold, including 1m at 19.6g/t gold from 27m and 2m at 4.41g/t gold from 46m.

The company declared the results demonstrate gold mineralisation over a 420-metre strike length and remains open along strike to the north and at depth.

It is now compiling all data to generate a maiden Mineral Resource Estimate with metallurgical test work and initial mining studies to commence in the March Quarter 2019.

Extension drilling at Crake is to continue as a priority in 2019, together with high priority targets including Coote, Darter and Honeyeater.

Intermin said it has now confirmed Binduli alongside Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new open cut and underground discoveries.

“These latest results continue to demonstrate the potential scale and quality of the Crake prospect in an area that has seen little modern exploration, particularly at depth,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“To have now identified mineralisation over a 420-metre strike length provides us with great confidence in the entire Binduli project area which will be a priority in 2019.

“We now look forward to compiling the first Mineral Resource Estimate at Crake and moving forward with mining studies and metallurgical test work to rapidly advance the project into the mine development pipeline.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Divests Lehmans JV to Saracen

THE BOURSE WHISPERER: Intermin Resources (ASX: IRC) reached agreement with Saracen Mineral Holdings (ASX: SAR) to divest its interest in the Lehmans Gold Joint Venture.

Intermin Resources decided to divest the package comprising 14 tenements to the north of Saracen’s Thunderbox operation near Leinster in the northern goldfields of Western Australia and includes the Otto Bore deposit, located nine kilometres from the Thunderbox mill.

Intermin held a 10 per cent interest in the tenements, through its 100 per cent-owned subsidiary Black Mountain Gold Pty Ltd, and was free carried to a decision to mine.

The company also owned an exploration license to the east of the JV tenements on a 100 per cent basis.

The parties have now agreed to terminate the JV with Intermin agreeing to divest its 100 per cent interest in the exploration license to Saracen on the following terms:

Payment to Intermin of $250,000 in cash on execution (already received);

Payment to Intermin of $2.25 million in cash on completion;

A 2.5 per cent Net Smelter Royalty payable by Saracen once it has produced 42,000 ounces of gold from the transaction tenements, and ending once 100,000 ounces of gold produced from the transaction tenements;

Intermin to provide any required mining information to Saracen on the purchased tenement; and

Intermin and Saracen to be released from any rights and obligations under the joint venture agreement.

“Holding a minority interest in a project in the northern goldfields just didn’t make sense for Intermin and would be a distraction from the company’s core focus of building a gold business in the Kalgoorlie region,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“This will enable Saracen to explore and develop the projects unencumbered and further strengthen Intermin’s financial position as it continues with its gold exploration and mine development growth plans.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Extends Anthill Strike Length

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) recently completed an extensive resource extension drilling program at the company’s 100 per cent-owned Anthill gold project on the Zuleika Shear, north-west of Kalgoorlie – Boulder in the Western Australian goldfields.

Intermin Resources drilled a total of 122 Reverse Circulation (RC) holes for 15,118m to an average depth of 120m and maximum depth of 284m that were focussed on extending the 120m of strike length that contains the current Mineral Resource estimate.

This stands at 1.42 million tonnes at 1.72 grams per tonne gold for 78,000 ounces of gold.

Intermin said the new results have extended the known strike length to more than 400m with mineralisation intersected, including:

AHRC18079
31 metres at 3.28 grams per tonne gold from 112m, including 1m at 31.7g/t gold from 130m;

AHRC18092
19m at 2.7g/t gold from 57m;

AHRC18051
10m at 2.79g/t gold from 80m;

AHRC18043
12m at 2g/t gold from 36m;

AHRC18119
4m at 8.13g/t gold from 60m;

AHRC180116
8m at 1.92g/t gold from 96m and 4m at 7.67g/t gold from 112m; and

AHRC18079
13m at 1.44g/t gold from 43m, 6m at 1g/t gold from 66m, 3m at 2.7g/t gold from 112m.

Intermin said that mineralisation it had intercepted to the north, south and east beyond the current resource envelope and remains open in all directions.

Drilling consisting twenty-four exploration air core and RC holes completed 2.5km NW of Anthill confirmed two new prospects, Fire Ant and Tree Ant.

Results from this returned:

ARAC1808
5m at 2.45g/t gold from 33m and 1m at 0.91g/t gold from 44m;

ARRC1815
4m at 0.69g/t gold from 32m and 8m at 1.37g/t gold from 80m; and

ARRC1822
4m at 1.08g/t gold from 72m.

Intermin Resources anticipates an updated Mineral Resource for Anthill to be ready in the December Quarter with open pit mine development studies and further drilling scheduled for March Quarter 2019.

Further assays are pending and expected within the current Quarter with the rigs now drilling at the Binduli and Blister Dam gold projects.

“These latest results from Anthill continue to demonstrate 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.

“Once we receive the final assay data we will compile an updated Mineral Resource Estimate in the current December Quarter and progress future development studies in early 2019.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Updates Teal Gold Resources

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released an updated Mineral Resource Estimate for the company’s 100 per cent-owned Teal gold project area located northwest of Kalgoorlie-Boulder in Western Australia.

Intermin Resources completed the upgrade following a drilling program of 182 angled RC holes for 23,545m to downhole depths of between 60 to 270 metres.

The company explained the drilling comprised infill, lateral and depth extensional and new discovery drilling at the Jacques Find, Peyes Farm, Yolande and Teal prospects.

Results were originally released to the ASX between April and August 2018 and included:

JFRC18048
10m at 6.7 grams per tonne gold from 60m;

JFRC18026
8m at 5.70g/t gold from 64m;

JFRC18095
8m at 5.28g/t gold from 64m;

JFRC18042
6m at 6.69g/t gold from 91m;

JFRC18034
3m at 10.28g/t gold from 102m;

JFRC18049
13m at 2.78g/t gold from 90m and 11m at 2.77g/t gold from 73m;

JFRC18038
6m at 4.72g/t gold from 54m and 6m at 4.34g/t gold from 42m;

JFRC18010
37m at 2.16g/t gold from 90m and 9m at 4.45g/t gold from 118m; and

JFRC18129
7m at 4.47 g/t gold from 34m and 12m at 2.33 g/t gold from 105m;

Deeper downhole RC intercepts included:

JFRC18039
8m at 10.31g/t gold from 123m;

JFRC18136
8m at 5.88g/t gold from 124m; and

JFRC18112
5m at 4.49g/t gold from 117m and 7m at 3.46g/t gold from 90m.

Intermin said the updated 2012 JORC Code-compliant Teal project area Mineral Resource shows an 80 per cent increase in ounces compared to the previous Teal Resource.

The company also noted the Mineral Resource for Teal has been depleted to consider the recently completed Teal Stage 1 and 2 open cut developments.

The current Mineral Resource Estimate for Teal now stands at 4.25 million tonnes at 2.11g/t gold for 289,000 ounces at a greater than 1g/t Au lower grade cut-off with various top cuts applied.

“The company commenced the self-funded $4 million, 55,000 metre drilling program in February this year and it has certainly delivered results,” Intermin Resources managing director Jon Price said in the cmpany’s announcement to the Australian Securities Exchange.

“An 80 per cent increase in resources at Teal at a $14 per ounce discovery cost is not only a testament to quality of the assets but also the exploration team who have worked tirelessly on target generation and project priorities.

“With a significant amount of drilling still ongoing at Anthill, Binduli and Blister Dam, the company looks forward to releasing further results and resource updates as we move closer to achieving the significant one million ounce milestone.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Scores Good Gold Hits at Anthill

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:

AHRC18017
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;

AHRC18018
26m at 2.96g/t gold from 174m, including 1m at 17.9g/t gold from 194m;

AHRC18057
4m at 15.5g/t gold from 56m;

AHRC18004
15m at 1.79g/t gold from 48m and 4m at 1.91g/t gold from 80m;

AHRC18069
16m at 1.32g/t gold and 24m at 1.28g/t gold 56m;

AHRC18036
20m at 1.35g/t gold from 28m;

AHRC18068
4m at 7.65g/t gold from 52m;

AHRC18002
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

AHRC18001
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.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Delivers Further Gold Hits from Binduli

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released further reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located nine kilometres west of Kalgoorlie-Boulder in the Western Australian goldfields.

Intermin Resources completed the follow up resource definition drilling, which produced 1m split assay results from the initial RC program undertaken at the Crake prospect comprising 25 RC holes that include:

BRC18020
23 metres at 4.16 grams per tonne gold from 61m, including 3m at 20.73g/t gold from 66m;

BRC18043
18m at 3.13g/t gold from 70m;

BRC18034
5m at 2.73g/t gold from 55m and 16m at 1.32g/t gold from 73m;

BRC18024
11m at 1.46g/t gold from 106m and 8m at 2.51g/t gold from 124m;

BRC18029
15m at 1.96g/t gold from 75m;

BRC18057
12m at 1.75g/t gold from 45m; and

BRC18033
1m at 5.39g/t gold from 32m and 5m at 3.01g/t gold from 41m.

Initial 4m composite RC results from the follow-up drilling program returned:

BRC18050
8m at 3.22g/t gold from 100m; and

BRC18065
8m at 2.19g/t gold from 40m.

Intermin Resources said the results show gold mineralisation occurs over a 360m strike length and remains open along strike to the north and at depth.

The company is continuing follow-up drilling at Crake with over 5,000m drilled to date and further results expected in the current September quarter.

An additional 30 holes for 3,000m is planned for testing extensions along strike and at depth with drilling to commence in September 2018.

A detailed geological review has been completed with high priority targets generated at the Coote, Darter and Honeyeater prospects with first pass drilling to commence in the December quarter.

The company declared Binduli now joins Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new discoveries.

“These latest results have confirmed previous assays and are starting to demonstrate the potential scale and quality of the Crake prospect,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Step out drilling continues to deliver excellent width and grade and we will continue with aggressive extension drilling in coming months.

“The exploration team have done an excellent job at Crake and have now identified a further three high priority targets within the Binduli project area and we look forward to testing these targets in an area where little modern exploration has been undertaken.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Encounters New Teal Mineralisation

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) reported reverse circulation (RC) drilling results from the company’s 100 per cent-owned Teal gold project, located 11 kilometres northwest of Kalgoorlie-Boulder in Western Australia.

Intermin Resources said the drilling had resulted in a new discovery and provided prospective Resource growth for the project.

A total of 182 RC holes were completed with the majority focussed on resource growth at Teal, Jacques Find, Peyes Farm and Yolande prospects.

New, fresh rock mineralisation was discovered 100m east of the Teal pit at Teal East where two holes returned encouraging results including:

TRC18001
9 metres at 3.33 grams per tonne gold from 60m; and

TRC18020
12m at 3.43g/t gold from 96m.

New, shallow gold mineralisation was discovered on the eastern edge of Teal pit with oxide and transitional results including:

TRC18009
14m at 3.02g/t gold from 41m; and

TRC18018
8m at 1.3g/t gold from 42m.

Depth and northern extension drilling at the Peyes prospect confirmed depth extensions with results including:

PFRC18033
4m at 4.29g/t gold from 167m; and

PFRC18027
2m at 1.69g/t gold from 194m, 2m at 5.15g/t gold from 204m and 3m at 1.73g/t gold from 217m.

Completed drilling at Jacques Find demonstrated potential for depth extensions (>200m depth) in the northern extension with results including:

JFRC18137
10m at 1.28g/t gold from 150m, 6m at 8.7g/t gold from 177m, including 2m at 16.55g/t gold from 177m; and

JFRC18140
10m at 2.12g/t gold from 139m.

“The large drilling program at the Teal gold camp has certainly delivered excellent results to date and identified four parallel mineralised structures across a six kilometre strike zone, demonstrating the potential scale of the system,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“We now look forward to the updated resource and moving forward on mining studies to continue creating value for shareholders in this fantastic part of the Western Australian goldfields.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Teal Done, Goongarrie Lady to Come

THE INSIDE STORY: Intermin Resources (ASX: IRC) is a gold exploration and mining company focussed on developing and operating gold mines within the Kalgoorlie and Menzies areas of Western Australia.

Intermin Resources currently has $8.5 million in the bank, carries no debt, and has a further $1 million in investments.

Intermin’s strategy is to develop a pipeline of gold mining projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions.

A strategy that was put to effective use at the Teal gold mine, from which ore was processed at the nearby Lakewood toll milling facility.

“We started the Teal gold mine late in 2016 and poured the last gold at that operation in May 2018,” Jon Price told The Resources Roadhouse.

“Teal was forecast to produce around 18,000 to 19,000 ounces of gold but produced 21,836 ounces.

“The development and operation of the Teal mine was a perfect example of our strategy to generate cash from developing and operating mines while using third party infrastructure in the region.”

The 100 per cent-owned Goongarrie Lady gold mine 85km north of Kalgoorlie-Boulder has been designated as Intermin’s next venture.

A scoping study for Goongarrie Lady in April 2017 was followed up with infill drilling to increase geological knowledge and confidence in the project.

A Feasibility Study followed, delivering an updated JORC 2012 Mineral Resource Estimate for Goongarrie Lady of 0.31 million tonnes at 2.4 grams per tonne gold for 24,000 ounces with over 87 per cent of the Mineral Resource Estimate sitting in the Measured and Indicated categories.

A maiden Ore Reserve estimated 0.135 million tonnes at 2.94g/t gold for 12,700 ounces.

The FS included metallurgical test work on representative samples from all ore zones achieving estimated recoveries of 94 per cent.

The Goongarrie Lady FS found the project to be technically strong and financially viable with specifications including an openpit mine designed to produce 135,000 tonnes at a fully diluted grade of 2.94g/t gold for 12,700 ounces over a seven month mine life.

Third party milling at 94 per cent metallurgical recovery has been estimated to recover 11,938 ounces of gold while capex is low at $0.73 million with C1 Costs of $1,131 per ounce and All In Sustaining Costs of $1,164 per ounce.

“The Scoping Study established around 10,000 to 15,000 ounces of gold with all in costs around $1100 to $1200 delivering a profit margin of around $500 per ounce,” Price said

“Three months to first gold and then the mine will be done and dusted within seven months, depositing some five to six million dollars in the bank, based on a $1,700 per ounce gold price.”

Next up for Goongarrie Lady is completing already well-advanced statutory approvals by the September and December quarters and a review of development options and negotiations with mining and haulage contractors and third-party toll milling operators leading to anticipated Board approval for mine development in 2019.

“The Feasibility Study gave us robust economic results with strong projected cash margins and reduced geological risk for the project,” Price said.

“As with the Teal gold mine, we have taken a conservative approach at Goongarrie Lady regarding both Resource estimation and development studies with infill drilling increasing geological confidence and mine optimisation studies adopting conservative cut off grades to ensure acceptable cash margins.”

With Goongarrie Lady development progressing, Intermin is casting its discovery net wider, commencing with a Resource growth drilling program of 55,000m planned within a $4 million budget.

A combination of RC and diamond drilling is underway with the stated aim to grow Resources and Reserves to one million ounces of gold to underpin a higher production profile and support a standalone milling option.

Fifty percent of the drilling budget is allocated to new discovery drilling and 50 per cent on Resource growth to grow the current Resource base.

“We are working to grow the business to where we want to see ourselves in 18 to 24 months, holding emerging mid-tier status producing 100,000 ounces per annum, with a four to five-year mine plan,” Price said.

New discovery targets include the Blister Dam project area, Anthill east and Fire Ant and new targets within the Teal gold camp.

Resource growth drilling will focus on extensions along strike and at depth at Anthill, Teal and the new Jacques Find discovery.

“The 25,000 metres of drilling at Teal has indicated four multiple, parallel structures sitting within a six-kilometre strike window,” Price continued.

“We now know this is a very big system, from which we expect a continuous flow of drilling results and Resource updates and mine planning as we look to understand how big this system is, particularly at depth.”

“We are conducting 14,000 metres of drilling at the Ant Hill mine to extend strike from the from the 80,000 ounces of Resource we have now to over 100 metres strike,” Price said.

“We anticipate extending to over 400 metres of strike and increasing the Resource by the same multiplication factor, but we have to let the drill bit tell us that.”

Intermin’s December quarter will be all about new discoveries at Blister Dam where the company will be drilling an area not drilled since the 1990s.

“There are not a lot of drill holes below 80 metres and where we have started to put some tester holes we are already hitting some very good grades,” Price said.

Besides its gold interests, Intermin has several Joint Ventures in place across multiple commodities and regions of Australia providing exposure to vanadium, copper, PGE’s, and nickel/cobalt where the JV partners are collectively earning in to projects by spending over $20 million over five years, thus enabling the company to focus on its gold business while maintaining upside leverage.

The most advanced of these is the Richmond vanadium project in northwest Queensland with a total Mineral Resource of 2,579 million tonnes at 0.32 per cent vanadium oxide (V2O5) at a 0.29 per cent cut-off.

JV partner AXF has committed to the project’s stage 2 expenditure of $5 million over three years to March 2021 inclusive of a Feasibility Study on commercial production to qualify for a 50 per cent interest.

In late 2017, AXF collected approximately 1.2 tonnes of vanadium samples from the Lilyvale prospect area sent to two research laboratories in China: Beijing General Research Institute of Mining and Metallurgy (BGRIMM), and Hunan Research Institute for Nonferrous Metals (HRINM).

Both Institutes account for over 60 per cent of test work conducted on vanadium in China jointly developed using AXF’s in-house expertise.

Metallurgical work on Lilydale samples confirmed previous work where 90 per cent of the contained V2O5 reported to the fine size fractions below 43 microns.

Initial two-stage concentration tests resulted in a 1.1 per cent V2O5 grade in 39 per cent of the mass at a 78.4 per cent recovery.

Work is now underway to optimise the pre-concentration stages with the aim of delivering a 1.5 per cent to two per cent V2O5 feed stock at acceptable recovery for downstream processing testwork.

“Results such as these from two highly-credentialed research institutes in China was a great result for the project,” Price said.

“We are now working with AXF on the downstream processing studies and upgrading the Lilyvale resource.”

 

Intermin Resources Limited (ASX: IRC)
…The Short Story

HEAD OFFICE
163-167 Stirling Hwy
Nedlands WA 6009

Ph: +61 (8) 9386 9534

Email: iadmin@intermin.com.au
Website: www.intermin.com.au

DIRECTORS
Peter Bilbe, Peter Hunt, Jon Price

 

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:

GLRC1804
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;

GLRC1806
1m at 2.34g/t gold from 45m; and

GLRC1805
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.

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au

 

Intermin Resources Drills Encouraging Start at Binduli

THE DRILL SERGEANT: Intermin Resources (ASX: IRC) reported initial reverse circulation (RC) drilling results from the company’s 100 per cent-owned Binduli gold project, located west of Kalgoorlie-Boulder in the Western Australian goldfields.

Intermin Resources commenced a self-funded $4 million, 55,000m drilling program in Frbruary across its 100 per cent-owned Kalgoorlie gold projects focussed on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam gold projects.

In March 2018, the Binduli joint venture tenements were returned to Intermin on a 100 per cent basis with the company commencing an initial 5,000m RC program at the Crake prospect shortly thereafter.

Downhole intercepts received to date from the Crake prospect include;

BRC18020
28 metres at 3.3 grams per tonne gold from 56m, including 4m at 15.1g/t gold from 64m;

BRC18043
20m at 4.57g/t gold from 68m, including 8m at 8.38g/t gold from 80m;

BRC18024
28m at 2.43g/t gold from 104m, including 8m at 5.87g/t gold from 124m;

BRC18034
36m at 1.19g/t gold from 52m;

BRC18027
4m at 3.24g/t gold from 48m, 16m at 1.24g/t gold from 76m and 4m at 1.29g/t gold from 108m;

BRC18029
18m at 1.75g/t gold from 72m; and

BRC18033
16m at 1.81g/t gold from 32m.

Intermin said the results show gold mineralisation exists over a 250m strike length and remains open along strike and at depth.

“To be intersecting excellent width and grade at relatively shallow depths in our initial program at Crake is extremely encouraging and we look forward to receiving the remaining assays from the drilling program in coming weeks and compiling an initial resource model,” Intermin Resources managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“The Binduli project area now joins Teal, Anthill and Blister Dam as a key asset in our gold portfolio with these drilling results providing growing confidence to accelerate further drilling at Crake and the other four priority prospects within this world class gold producing region.”

 

Email: iadmin@intermin.com.au

Website: www.intermin.com.au