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Intrepid Mines Ltd.

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Summary

Project:

Mumbwa

Deposit:Target H
Location:Zambia
Commodities:Copper-Gold
Date:9/30/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:30-9-2016: Intrepid Mines Ltd. announces an Exploration/Drilling Update report for its Target H deposit at the Mumbwa project. Drilling results incl. 54m @ 1.39% Cu, 0.011g/t Au from 8m. Intrepid Mines Limited (ASX: IAU) (“Intrepid” or “Company”) is pleas
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Michael J. Robertson (MSA Group Pty Ltd.)
ABSTRACT:Intrepid Mines Limited (ASX: IAU) (“Intrepid” or “Company”) is pleased to advise that assay results for the 2016 drilling program have been received. The drilling program was successfully completed on 6 August 2016 with a total of 2,251 metres drilled across 12 holes at Target H. The drilling was designed to further test the ground surrounding previous positive results at Target H (refer ASX announcements dated 16 November 2015 and 8 February 2016). Due to the highly oxidised and clay rich nature of the mineralisation identified in the near surface material at Target H, samples have also been submitted for metallurgical testing to determine whether the copper can be recovered successfully and economically. The results of the metallurgical testing are expected to be reported early in the December 2016 quarter. Sampling and assaying of the drill core collected follows a standard site protocol with samples being submitted to the Australian Laboratory Group (ALS) preparation facility in Ndola, Zambia before being shipped to ALS in Vancouver, Canada for analysis. A total of 34 elements were analysed. Multi-element analyses were performed using a multi acid digest (Hydrofluoric, Nitric, Perchloric, Hydrochloric) with Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES) finish. Gold analyses were performed using 30g lead collection fire assay with an ICP-AES finish. All analyses were completed by the fully ISO 17025 accredited (under CAN-P-1579) ALS Laboratory in Vancouver, Canada.

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