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Intermin Resources Ltd.
Summary
| Project: | Janet Ivy South | |
|---|---|---|
| Deposit: | Janet Ivy South | |
| 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 Janet Ivy South deposit at the Janet Ivy South project. Drilling results incl. 3m @ 4.87g/t Au from 40m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Co | |
| 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). At the Janet Ivy South prospect, 11 RC holes were drilled for 424m to test an area where Intermin completed rock chip sampling within a pink porphyry host rock that returned anomalous surface gold (up to 3.16 g/t). Quartz veins were regularly noted in outcrop (see Figure 10) and there has been no historic drilling observed or documented in the immediate area. This was surprising given the close proximity to known gold deposits at Janet Ivy, Fort William and Fort Scott (Figure 9). The abovementioned deposits are currently under care and maintenance (except for the mining low grade stockpiles at the Janet Ivy deposit) which is owned and operated by Norton Gold Fields Ltd. | |
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