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Intermin Resources Ltd.
Summary
| Project: | Anthill | |
|---|---|---|
| Deposit: | Zuleika | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Zuleika deposit at the Anthill project. Drilling results incl. 41m @ 2.63g/t Au from 69m. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Messrs David O'Farrell, Simon Coxhell, Andrew Hawker (Internal) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce reverse circulation (“RC”) drilling results from the 100% owned Anthill gold project located 54km northwest of Kalgoorlie-Boulder in Western Australia. The project comprises granted Mining Lease M16/531 over Greenstone rocks situated within the highly prospective Zuleika Shear Zone, which hosts numerous high-grade gold deposits (Figure 2 & 5). Forty five angled RC holes for 6,282m to downhole depths between 75–230m were completed and successfully confirmed Intermin’s new geological and mineralisation interpretation (Figure 3 & 4). Combined with diamond core data from AHD17011 , the new data will be used to compile a detailed Mineral Resource Estimate for initial engineering scoping studies. The historic, JORC 2004 Resource of 5.2 million tonnes at 1g/t Au for 160,700 ounces2 completed in 2011, is considered to have been overly simplified and did not have a well-defined structural interpretation thereby making it unsuitable for pit optimisation studies. The new structural interpretation is critical to understand deposit geometry in order to accurately estimate the location of the discrete high-grade quartz veins at depth below the upper quartz-stockwork zones. The stockwork zone is interpreted to be roughly circular or funnel shaped in plan, dipping to the northeast and is about 100 to 150m in diameter. The primary mineralisation has intense sericite-albite-carbonate-pyrite alteration, is bounded by a contact with metasediments to the west and the basalt host rock isintruded by an irregular Archaean dolerite body. | |
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