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Intermin Resources announces drilling results

Mining News - Published on Fri, 12 Oct 2018

Image Source: SteelGuru
Intermin Resources Limited announced reverse circulation ("RC") drilling results from the 100% owned Anthill gold project located 54km northwest of Kalgoorlie-Boulder in Western Australia (see Figure 1 in link below). The project comprises granted Mining Lease M16/531 over greenstone rocks situated within the highly prospective Zuleika Shear Zone, which hosts numerous high-grade gold deposits.

HIGHLIGHTS

- Resource extension drilling completed at the 100% owned Anthill gold project on the Zuleika Shear, 45km north-west of Kalgoorlie - Boulder in the Western Australian goldfields
- A total of 122 Reverse Circulation ("RC") holes for 15,118m were drilled to an average depth of 120m and maximum depth of 284m
- Drilling focussed on extending the 120m of strike length that contains the current Mineral Resource estimate of 1.42Mt @ 1.72 g/t Au for 78,000oz Au at a 1 g/t cut off grade(see Note 1 below)
- New results have extended the known strike length to more than 400m with significant mineralisation intersected, including:
31m @ 3.28 g/t Au from 112m including 1m @ 31.7 g/t Au from 130m (AHRC18079)
19m @ 2.70 g/t Au from 57m (AHRC18092)
10m @ 2.79 g/t Au from 80m (AHRC18051)
12m @ 2.00 g/t Au from 36m (AHRC18043
4m @ 8.13 g/t Au from 60m (AHRC18119)
8m @ 1.92 g/t Au from 96m and 4m @ 7.67 g/t Au from 112m (AHRC180116)
13m @ 1.44 g/t Au from 43m, 6m @ 1.00 g/t Au from 66m, 3m @ 2.70 g/t Au from 112m (AHRC18079)
- Mineralisation intercepted to the north, south and east beyond the current resource envelope and remains open in all directions
- Twenty four exploration air core and RC holes for 1,666m completed 2.5km NW of Anthill and confirmed two new prospects, Fire Ant and Tree Ant. Significant results include:
5m @ 2.45 g/t Au from 33m and 1m @ 0.91 g/t Au from 44m (ARAC1808)
4m @ 0.69 g/t Au from 32m and 8m @ 1.37 g/t Au from 80m (ARRC1815)
4m @ 1.08 g/t Au from 72m (ARRC1822)
- An updated Mineral Resource for Anthill is expected 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

Commenting on the success of the Anthill program, Intermin Managing Director Mr Jon Price said that "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. 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."

Source :

Posted By : Rabi Wangkhem on Fri, 12 Oct 2018
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