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Intermin Resources Ltd.
Summary
| Project: | Anthill | |
|---|---|---|
| Deposit: | Zuleika | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2017: Intermin Resources Ltd. announces an Exploration/Drilling Update report for its Zuleika deposit at the Anthill project. Drilling results incl. 105.0m @ 1.38g/t Au from 48.0m. Commenting on results, Intermin’s Managing Director, Mr Jon Price sai | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David O'Farrell, Simon Coxhell, Andrew Hawker (Internal) | |
| ABSTRACT: | Commenting on results, Intermin’s Managing Director, Mr Jon Price said: “While the initial headline intercepts at Anthill are very encouraging, the geological data from the drill core has been invaluable in confirming the structural interpretation and the most appropriate drilling orientation for the follow up extension drilling. “The Company now looks forward to the results of the drilling campaign now underway and adding Anthill to our Resource portfolio in the December Quarter.” Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce initial drilling results from diamond core drilling at the 100% owned Anthill gold project located 54km northwest of Kalgoorlie-Boulder in Western Australia (Figure 3). The project comprises granted Mining Lease M16/531 and it is located on the highly prospective Zuleika Shear Zone which is host to numerous high grade deposits (Figure 2). Diamond hole AHD1701 was drilled to a depth of 226m to validate the mineralisation model, examine the mineralisation and vein orientations and obtain specimens for metallurgical and physical properties testing. The hole successfully confirmed Intermin’s geological model whereby mineralisation consists of a discrete steeply plunging quartz stock work zone developed within a folded and altered pillow basalt unit within the Zuleika Shear. Combined with historic drilling,the stock work 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 mineralisation has intense sericite-albite-carbonate-pyrite alteration, is bounded by a contact with metasediments to the west and the basalt host rock is intruded by an irregular Archaean dolerite body. The host rock is intensely weathered to 70 to 80m depth and there is a surface layer of soil and lateritic mineralisation 1 to 8m thick. Mineralisation is continuous from around 20m depth to the depth limit of drilling at around 200m. | |
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