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Intermin Resources announces excellent drilling results from Teal project

Mining News - Published on Thu, 14 Jun 2018

Image Source: abnnewswire.net
Intermin Resources Limited is pleased to announce further excellent reverse circulation drilling results from the 100% owned Teal gold project, located 11km northwest of Kalgoorlie-Boulder in Western Australia.

HIGHLIGHTS

- New discovery and resource growth drilling continues at the 100% owned Teal gold project area, 11km north-west of Kalgoorlie in the Western Australian goldfields

- To date, 131 holes for 16,342m have been completed at the Jacques Find and Yolande prospects as part of the self-funded 55,000m drill program for 2018

- Significant high grade downhole RC intercepts received to date include:

o 10m @ 6.70g/t Au from 60m including 4m @ 14.63g/t Au from 60m (JFRC18048)

o 8m @ 5.88g/t Au including 4m @ 10.20g/t Au from 124m (JFRC18136)

o 8m @ 5.28g/t Au from 64m including 1m @ 19.70g/t Au from 66m (JFRC18095)

o 6m @ 6.69g/t Au from 91m including 1m @ 33.40g/t Au from 92m (JFRC18042)

o 13m @ 2.78g/t Au from 90m (JFRC18076) and 11m @ 2.77g/t Au from 73m (JFRC18049)

o 4m @ 8.41 g/t Au from 44m (JFRC18049)

o 7m @ 4.47g/t Au from 34m (JFRC18097) and 12m @ 2.33g/t Au from 105m (JFRC18129)

o 7m @ 4.02g/t Au from 45m and 5m @ 4.48g/t Au from 79m (JFRC18045)

o 7m @ 4.47g/t Au from 34m (JFRC18034) and 7m @ 4.02g/t Au from 45m (JFRC18045)

o 5m @ 5.09g/t Au from 107m (JFRC18117) and 7m @ 3.59g/t Au from 66m (JFRC18107)

o 4m @ 1.5g/t Au from 56m, 4m @ 2.18g/t Au from 112m, 28m @ 1.20g/t Au and 4m @ 1.87g/t Au from 180m (JFRC18138)

o 7m @ 3.46g/t Au from 90m (JFRC18108) and 5m @ 4.49 g/t Au from117m (JFRC18112)

- Further drilling results expected in the June and September quarters 2018

- Jacques Find now extends to over 800m in strike length and links with the Yolande mineralisation to the north

- New mineralisation discovered 400m north of Yolande and 250m west of the Teal mine

- Results have also confirmed multiple lodes at Jacques Find with significant oxide and transitional gold mineralisation similar to Teal and amenable to open pit development

- Drilling at the Teal gold project area will be completed in June with two rigs moving to the Binduli gold project area before commencing the 14,000m program at the Anthill gold project, 45km northwest of Kalgoorlie on the Zuleika shear zone

- Geological modelling underway with Resource updates planned for the September Quarter

Commenting on the results of the large program, Mr Jon Price Intermin Managing Director said that "The drilling results to date continue to deliver excellent width and grade and now demonstrate the continuity of the Jacques Find trend along 800m of strike length. Multiple parallel structures have now been identified providing significant potential for further resource growth. The Company now looks forward to receiving all the drilling data from the Teal gold camp and compiling an updated resource for release in the September Quarter. The drill rigs now move on to the exciting Binduli and Anthill gold projects where we aim to grow our resources, add to our production profile and continue the search for Kalgoorlie's next new gold discovery."

Source :

Posted By : Rabi Wangkhem on Thu, 14 Jun 2018
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