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Intermin Resources Ltd.
Summary
| Project: | Teal | |
|---|---|---|
| Deposit: | Teal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-9-2018: Intermin Resources Ltd. announces a Resource Estimation report for its Teal deposit at the Teal project. Updated mineral resource estimate at Teal project. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announ | |
| Resources: | (Resource, I+I): 4.25Mt @ 2.11g/t Au for 289Koz Au contained at Teal | |
| CP/QP: | [Resources]: David O'Farrell, Andrew Hawker (Independent) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce an updated Mineral Resource Estimate for the 100% owned Teal gold project area located 11km northwest of Kalgoorlie-Boulder in Western Australia (Figures 1 and 2). Commenting on the updated resource, Intermin Managing Director Mr Jon Price said: “The Company commenced the self-funded A$4m, 55,000m drilling program in February this year and it has certainly delivered results. An 80% increase in resources at Teal at a $14/oz discovery cost is not only a testament to quality of the assets but also the exploration team who have worked tirelessly on target generation and project priorities.” “With a significant amount of drilling still ongoing at Anthill, Binduli and Blister Dam, the Company looks forward to releasing further results and resource updates as we move closer to achieving the significant 1 million ounce milestone.” Since February 2018, the Company has completed 182 angled RC holes for 23,545m to downhole depths of between 60–270m. The drilling comprised infill, lateral and depth extensional and new discovery drilling at the Jacques Find, Peyes Farm, Yolande and Teal prospects. Results were released on the ASX on 18 April, 24 April, 12 June and 1 August 2018. | |
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