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Intermin Resources Ltd.
Summary
| Project: | Binduli | |
|---|---|---|
| Deposit: | Crake | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-3-2019: Intermin Resources Ltd. announces a Resource Estimation report for its Crake deposit at the Binduli project. Initial mineral resource estimate for Crake deposit. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to | |
| Resources: | (Resource, I+I): 1.12Mt @ 1.59g/t Au | |
| CP/QP: | [Resources]: David O'Farrell, Andrew Hawker (Independent) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce a maiden Mineral Resource estimate for the Crake prospect located within the 100% owned Binduli gold project, located 9km west of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (Figure 1). The geology at Crake is similar to the 390,000oz Janet Ivy open pit, located approximately 1,500m to the south, where the gold is hosted in a structurally controlled feldspar porphyry. At the nearby Fort William and Fort Scott open pits, where over 100,000oz have been produced to date, gold is hosted within sheared units of volcanics and clastic sediments. At Crake, the gold mineralisation strikes NW and dips shallowly to the SW. A poorly developed southern plunge is tentatively interpreted. The gold lodes are often tabular shaped and 20m thick but can blow out to >60m width. High grade shoots appear to result from intersecting structures. The Crake drilling focussed on a mineralised, variably altered pink porphyry with minor amounts of pyrite and magnetite. Higher grades usually coincide with stronger pyrite mineralisation (up to 3% by volume). There is little correlation between gold and magnetite. | |
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