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Intermin Resources quarterly activities report for period ended June 2018

Mining News - Published on Wed, 18 Jul 2018

Image Source: Intermin Resources
Intermin Resources Limited provides the June 2018 Quarterly Activities Report. Intermin is a gold exploration and development company with a key focus in the Kalgoorlie region of Western Australia and has a number of joint ventures in place with quality partners covering multiple commodities in Western Australia and Queensland.

HIGHLIGHTS

1. Mining, ore haulage, toll treatment and final gold sales at the Teal gold mine completed

2. Final milling campaign completed successfully with 47,140 dry tonnes of transitional ore treated at 2.59g/t Au feed grade and 87.1% recovery for 3,431 fine ounces produced

3. Final gold sales of 2,036 fine ounces with A$3.5m received at an average price of A$1,734 per ounce

4. In total, Teal Stages 1 and 2 produced 21,836 fine ounces from the processing of 228,850 dry tonnes grading 3.2g/t and 93.6% recovery

5. Gold production from Teal exceeded Feasibility Study estimates and was in the upper range of the upgraded market guidance.

6. Cash and tradeable securities of A$9.52 million .

7. Fully funded 55,000m Resource extension and new discovery drilling program continues with 19,073m drilled at the Teal, Binduli and Anthill projects during the Quarter

8. Excellent resource extension drilling results received from Jacques Find, Peyes Farm, Teal Stage 3 and Yolande.

9. New discovery made in RC drilling east of Peyes Farm named Will's Find demonstrating multiple parallel lodes within a 4km mineralised corridor open along strike and at depth.

10. Excellent initial drilling results announced from the Lehmans Joint Venture.

11. Positive first pass metallurgical testwork received from the Lilyvale vanadium project with optimisation and downstream processing testwork ongoing at two Chinese Research Institutes.

12. Drilling commenced at the Anthill gold project on the Zuleika Shear with results expected in the current September Quarter

13. Goongarrie Lady Feasibility completed with positive economic results.

14. Janet Ivy Mining Royalty payments of A$0.50/t continue with A$212,500 received for the March Quarter and regular quarterly payments expected through CY2018.

Source :

Posted By : Joykumar Irom on Wed, 18 Jul 2018
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