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Intermin Resources Ltd.
Summary
| Project: | Menzies | |
|---|---|---|
| Deposit: | Lady Irene, Yunndaga | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2019: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Lady Irene, Yunndaga deposit at the Menzies project. Drilling results incl. 39.3m @ 4.27g/t from 159m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Com | |
| Resources: | (Resource, I+I): 2.42Mt @ 2.2g/t Au with 171.31kt gold contained | |
| CP/QP: | [Overall Report]: David O'Farrell (Internal) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce drilling results from Intermin’s 100% owned Menzies Gold project, located 130km north of Kalgoorlie-Boulder in Western Australia (Figure 1). As announced to the ASX on 7 February 2019, the Menzies and Goongarrie gold project areas were returned to Intermin on a 100% basis after the execution of a Deed of Termination and Settlement with Eastern Goldfields Limited (“EGS”) (Administrators appointed). Menzies is located in the Eastern Goldfields Province of the Archaean Yilgarn Craton (Figure 2). The greenstone belt divides at Menzies into a western section continuing to the northwest and an eastern section continuing northwards to Twin Hills. The greenstone sequence consists of a lower ultramafic formation to the west overlain by metasedimentary rocks which are overlain by mafic intrusive and extrusives to the east. Included in the greenstone belt are the major shear zones, the Menzies Shear Zone and the Moriarty Shear Zone, which impart a strong foliation and lineation to the underlying rock. The Menzies Shear Zone can be traced southwards to the Bardoc Deformation Zone approximately 50km south. Metamorphic grade is high in the amphibolite facies with porphyroblastic grain textures, marked schistosity and mineral lineations. A southerly plunging fabric is apparent in the Menzies area, where well foliated basalts and sedimentary rocks have economic gold significance, as do the mafic/ultramafic contacts. In general ore zones have shallow westerly dips. Alteration assemblages, comprising biotite, silica, pyrrhotite, pyrite, galena, sphalerite, arsenopyrite and chalcopyrite are typical in areas of stronger gold mineralisation. Cross cutting features and felsic porphyry intrusives are also important in terms of hosting and stoping gold mineralisation. | |
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