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Intermin Resources Ltd.
Summary
| Project: | Goongarrie | |
|---|---|---|
| Deposit: | Goongarrie Lady | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-10-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Goongarrie Lady deposit at the Goongarrie project. Drilling results incl. 6m @ 14.35g/t Au from 30m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Compa | |
| Resources: | (Resource, I+I): 0.272Mt @ 2.86g/t Au for 25028oz Au contained at project | |
| 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 September Quarter 20171 reverse circulation (“RC”) and diamond infill drill program at the 100% owned Goongarrie Lady gold project located 80km north of Kalgoorlie-Boulder in Western Australia (Figure 2 and 5). The program was part of the open pit Feasibility Study and comprised 121 RC and six HQ diamond drill holes for a total 5,912m and 368m respectively. The data will be used to compile a Resource update and increase the proportion of mineralisation in the Measured Resource category. The RC holes have an average depth of 50m and are spaced 10-20m apart in order to accurately assess the short range variability of oxide and transitional mineralisation The close spaced data has provided improved confidence in the interpretation of geology and mineralisation boundaries ahead of ore body modelling planned for completion in October (Figure 1, 2 and 4). The current Resource for Goongarrie Lady is included in Table 1. Two diamond drill holes were completed to collect high quality samples for metallurgical testing to verify Intermin’s earlier carbon in leach gold recovery results of 94% 2 . In addition, four diamond holes were completed for the development of geotechnical and hydrogeological parameters for input into the open pit mine design (results not included in Table 2 as logging and sampling is currently in progress). | |
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