For thousands of other reports visit RSC's Mineral Intellingence Map
Intermin Resources Ltd.
Summary
| Project: | Teal | |
|---|---|---|
| Deposit: | Teal East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-7-2019: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Teal East deposit at the Teal project. Drilling results incl. 12m @ 4.19g/t Au from 76m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is plea | |
| Resources: | (Resource, I+I): 4.25Mt @ 2.11g/t Au for 289Koz Au contained at Teal | |
| CP/QP: | [Overall Report]: David O'Farrell (Internal) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce further excellent reverse circulation (“RC”) and air core (“AC”) drilling results from its 100% owned prospects around Kalgoorlie in the heart of the Western Australian goldfields (Figure 1). Since 2017, Intermin has focussed predominantly on resource growth drilling with new JORC 2012 resources established at Anthill, Jacques Find, Peyes Farm and Crake. Exploration drilling has also targeted several advanced stage projects such as Baden Powell and Blister Dam. In addition to these programs, Intermin recently commenced regional grass roots drilling activities on priority drill targets in and around the Kalgoorlie region. Several targets were tested including Honeyeater and Darter at Binduli and Windanya, Olympia and Baden Powell North on the Bardoc Tectonic Zone. The aim of the drilling was to follow up historic drill results and test new areas identified from the new discovery target generation study completed in 2018. At the Teal East prospect, 150m east of the Teal pit, 4 holes for 555m were drilled to follow up the high grade gold mineralisation discovered in 2018 (9m @ 3.33 g/t Au and 12m @ 3.43 g/t Au)2 . This mineralisation is separate to the Teal ore body. TERC19016 intersected 12m @ 4.19 g/t Au where earlier drilling appeared to have been too shallow and missed the ore zone. TERC19014-19015 (refer to table 1 on Page 4) confirm the mineralisation has strike continuity, especially to the north and provides a strong target for future resource growth at Teal. Further work is planned. At Binduli, two historic prospects were drill tested for the first time in over 15 years. Of most interest were several purported high grade holes at Honeyeater and Darter (BNC45 - 17m @ 2.06 g/t Au and PRC4 - 20m @ 2.85 g/t Au). High water flows were observed at Darter with few holes getting to the target depth. Some encouragement was observed with DORC19032 recording 4m @ 1.80 g.t Au on a porphyry-granite contact. PRC4 was not tested. Further RC drilling is planned for Darter. At Honeyeater, the historic results, including BNC45 were, in most cases, not validated by the recent drilling. The highlights being 3m @ 2.02 g/t Au from 37m and 1m @ 1.45 g/t Au from 63m. Intermin also completed 3 RC programs at Windanya, Baden Powell North and Olympia. Both areas had been drilled in the past with mixed success. Windanya recorded some encouraging gold mineralisation (5m @ 2.28 g/t Au from 92m and 1m @ 9.91 g/t Au from 35m) whilst Baden Powell North had a best result of 1m @ 1.36 g/t Au from 35m. Two holes for 329m were drilled into Olympia adjacent to OLAC1712 which discovered 1m @ 1.37 g/t Au and 2m @ 1.41 g/t Au from 68m and 89m respectively. No significant mineralisation was observed in the recent drilling, however OLRC19002 recorded 4m of low grade surface gold (4m @ 0.34 g/t Au) and 2m @ 0.29 g/t Au from 93m depth was observed. Further step out drilling is planned. At Menzies, 2 RC drill holes for 329m were completed at Lady Irene with no significant results returned. Selkirk confirmed its potential as a source of narrow, high grade gold with a best result of 1m @ 24.8 g/t Au from 130m. As announced to the ASX on 9 July 2019, Intermin has reached agreement with Kingwest Resources Limited to divest its interest in the Menzies and Goongarrie projects. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report