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Intermin Resources Ltd.
Summary
| Project: | Anthill | |
|---|---|---|
| Deposit: | Anthill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2018: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Anthill deposit at the Anthill project. Drilling results incl. 31.0m @ 3.28g/t Au from 112.0m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) | |
| Resources: | (Resource, I+I): 1.42Mt @ 1.72g/t Au for 78Koz Au at project | |
| CP/QP: | [Overall Report]: David O'Farrell (Internal) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce reverse circulation (“RC”) drilling results from the 100% owned Anthill gold project located 54km northwest of Kalgoorlie-Boulder in Western Australia (Figure 1). 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 (Figure 2). In February 2018, Intermin commenced a self-funded $4M, 55,000m drilling program across its 100% owned Kalgoorlie gold projects. The major drill program is focussed on new discoveries and resource extensions at the key Teal, Anthill, Binduli and Blister Dam gold projects. Drilling at Anthill commenced in the June Quarter with 122 resource holes (mostly RC) completed for 15,118m to an average depth of 120m and maximum depth of 284m. The drilling focussed on resource extensions to the north, south and east of Anthill which currently contains a JORC 2012 Mineral Resource Estimate of 1.42Mt @ 1.72g/t Au for 78,000oz Au at a 1 g/t cut off grade1 . The geology at Anthill is dominated by a variolitic basalt with lesser amounts of porphyry and ultramafic rocks observed. At least two mineralised trends (NW and NE) are evident and add to the geological complexity at Anthill. The sequences sits within a synclinal structure. The gold mineralisation is pervasive and occurs in a number of settings, the most important being a quartz stock work or thin veins with carbonate-sericite-silica-sulphide alteration. Some of the gold is coarse and is easily visible in panned RC chips. | |
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