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Intermin Resources Ltd.
Summary
| Project: | Teal | |
|---|---|---|
| Deposit: | Jacques Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Jacques Find deposit at the Teal project. Drilling results incl. 26m @ 7.81g/t Au from 48m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is | |
| Resources: | (Resource, Inf.): 0.26Mt @ 3.22g/t Au for 26,680Oz contained at Jacques Find | |
| CP/QP: | [Overall Report]: Simon Coxhell, David O'Farrell, Andrew Hawker (Not stated) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce reverse circulation (“RC”) drilling results from the 100% owned Teal gold project located 11km northwest of Kalgoorlie-Boulder in Western Australia. The drilling aimed to test for extensions to known mineralisation at the Jacques Find prospect and to test an Induced Polarisation (“IP”) anomaly which trends for over 600m along strike at the Yolande prospect. Nine angled RC holes for 1,308m were completed to downhole depths of 54–184m and tested Resource extension and exploration targets along the Jacques Find trend which strikes sub-parallel to the Teal and Peyes Farm prospects. Drill hole JFRC1704 was drilled beneath the southern Jacques Find Resource boundary and returned an outstanding intercept of 26m @ 7.81 g/t Au from 48m and 16m @ 5.33 g/t Au from 86m. North of the Jacques Find Resource, 600m of strike was tested which broadly correlated with an arcuate shaped IP anomaly returning excellent results including; 7m @ 7.13 g/t Au from 100m (JFRC1702), 12m @ 4.25 g/t Au from 66m (JFRC1708, 5m @ 2.13 g/t Au from 133m and 5m @ 3.49 g/t Au from 151m (JFRC1709). The results are extremely encouraging. JFRC1709 was drilled at the Yolande prospect appears to be a different style of mineralisation to Jacques Find as no black shale was logged in the drilling chips and small bands of massive sulphides similar to that seen at the nearby Teal deposit were noted. Further work to better understand the geological setting of strong mineralisation and the spatial relationship of mineralisation to the shale units to define additional exploration targets is ongoing | |
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