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Intermin Resources Ltd.
Summary
| Project: | Teal | |
|---|---|---|
| Deposit: | Teal South, Peyes Farm | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Teal South, Peyes Farm deposit at the Teal project. Drilling results incl. 6m@ 6.03g/t Au from 50m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Compan | |
| Resources: | (Resource, Total): 1.49Mt @ 2.18g/t Au for 104443oz Au contained at Teal | |
| 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 Teal South and Peyes Farm prospects within the 100% owned Teal gold project located 11km northwest of Kalgoorlie-Boulder in Western Australia (Figure 1). The drilling at Teal South was targeted to infill and extend known oxide and transitional mineralisation south of the current Teal pit and most holes intersected encouraging mineralisation which is interpreted to be a direct extension south to the mineralisation being mined at Teal (Figure 2). Commenting on the results, Intermin’s Managing Director, Mr Jon Price said: “The new Teal South drilling results demonstrate the potential for a Stage 3 extension up to 200m south of the Teal pit and we look forward to releasing the updated resource and Feasibility Study. Given our priorities bringing the new Goongarrie Lady project into production next year, completion of the Study into a Teal Stage 3 will be important step in delivering a continuous production profile. “The initial result at Peyes Farm is quite significant as it demonstrates continuity of mineralisation and follow up programs are planned to link the mineralisation along strike and test depth extension across the entire 4km of strike.” “We believe the Teal gold camp to be a significant mineralised system with both continuity along strike and parallel structures to the east on the Jacques Find – Yolande trend. The primary sulphide mineralisation below the high grade free milling supergene zone will be a key focus for future programs in 2018. ” | |
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