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Intermin Resources Ltd.
Summary
| Project: | Baden Powell | |
|---|---|---|
| Deposit: | Baden Powell | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Baden Powell deposit at the Baden Powell project. Drilling results incl. 14m @ 1.87g/t Au from 129m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David O'Farrell, Simon Coxhell, Andrew Hawker (Internal) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce reverse circulation (“RC”) drilling results from the 100% owned Baden Powell gold project located 60km north of Kalgoorlie-Boulder in Western Australia. The drilling was designed to test for shallow strike extensions to previously identified mineralisation adjacent to an historic shallow open pit mine (Figure 1) The 2017 drilling program at Baden Powell comprised eight RC holes for 1,164m and was completed in two parts. The first five holes were reported to the ASX (29 August 2017) and highlighted the new discovery in BPRC1703 (17m @ 3.0 g/t Au from 104m). The final three holes for 590m were only recently completed. Hole BPRC1708 and BPRC1702 were drilled north of the old pit with both holes returning thick mineralised intersections. The results are encouraging as it shows the Baden Powell system developing at depth. BPRC1702, 40m north of BPRC1702 returned 1m @ 0.56 g/t Au. Unlike BPRC1703, this hole lacked the quartz and sulphide veining and appears to be part of a “barren zone”. The results from the 2017 program are encouraging as most holes intersected significant mineralisation at depth. These holes are the deepest completed at the project and have provided encouragement to conduct further drilling. It is likely that given the Company’s recent drilling success at the Anthill and Jacques Find projects these will be prioritised for substantial follow up in 2018. Intermin will instead focus on low level exploration work at Baden Powell, namely completing a soils-mapping program over M24/959 and possibly an Induced Polarisation (“IP”) survey. The IP survey may help fast track targeting of potential locations of an interpreted high grade structure intercepted in hole BPRC1703. Any IP targets discovered would be drill tested early in 2019. | |
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