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Intermin Resources Ltd.
Summary
| Project: | Baden Powell | |
|---|---|---|
| Deposit: | Baden Powell | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Baden Powell deposit at the Baden Powell project. Drilling results incl. 14m @ 1.52g/t Au from 25m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David O'Farrell, Simon Coxhell, Andrew Hawker (Not stated) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce drilling results from the December Quarter 2016 reverse circulation (“RC”) programs at the 100% owned Blister Dam, Baden Powell and Janet Ivy South prospects. Commenting on the program Intermin’s Managing Director, Mr Jon Price said the latest results demonstrated the area’s prospectivity and more than justified their low acquisition costs. “These exciting projects have had little to no modern exploration and we look forward to completing further drilling at all prospects as part of our large 2017 program commencing in the June Quarter,” he added. The Company considers the results to be highly encouraging for continued exploration along strike and at depth. The project area is located in a highly favourable structural setting, contains widespread gold mineralisation in drilling and is along strike from operating gold mines including the new very high grade discovery at the Carbine/Paradigm project owned by Northern Star Resources Limited (ASX: NST). Further drilling is planned for the June quarter. At the Baden Powell project, 14 RC holes were drilled for 1,070m and designed to test areas around significant historic drilling intercepts mainly to the north of the 10m deep historic Baden Powell open pit mine. The drilling isinterpreted to have closed off the potential for significant strike extensions to the north of the pit however to the south and at depth, the mineralisation is open. The Company views Baden Powell as having potential for an open cut mine if sufficient Resources are defined. Much of the historic drilling at the prospect defined consistent mineralisation extending to over 120m depth in places (Figure 5-7). Further work is scheduled in the June and September Quarters. | |
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