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Intermin Resources strengthens open-pit potential at Jacques Find

Intermin now has data review and modelling underway to complete a maiden resource.
Intermin Resources strengthens open-pit potential at Jacques Find
Highlights include 5 metres at 6.94g/t gold from 89 metres

Intermin Resources (ASX:IRC) has once again revealed high-grade gold drilling results from one of its assets located near Kalgoorlie-Boulder in Western Australia.

A follow-up drilling program of 15 holes over 1900 metres focused on extensions along strike and at depth at Jacques Find, which is located 500 metres from Intermin's Teal gold mine.

Highlights included:

- 5 metres at 6.94g/t gold from 89 metres;
- 6 metres at 5.18g/t gold from 143 metres;
- 7 metres at 3.47g/t gold from 115 metres; and
- 6 metres at 3.44g/t gold from 122 metres.

Jon Price, managing director, said Jacques Find continues to demonstrate high grade open cut and underground potential and remains open in all directions.

"As with the recent Peyes Farm results, our geological understanding has grown significantly in this new mining centre and we are discovering multiple lodes with good width and grade boding well for Resource estimation and planned mine development studies."


Next steps

Intermin now has data review and modelling underway to complete a maiden resource estimate before the end of March 2017.

Expansion drilling will follow.


Analysis

The more Intermin is drilling out the entire Teal project area, the more the company will be learning and finding.

The area has the potential to be a very large mineralised system suitable for both open cut and underground mining.

Additional metallurgical test work is also underway to assess the optimal processing pathway for the oxide and primary mineralisation.

The next program is planned for early April.

Intermin will also now focus on producing the first ore from Teal Stage 1 and becoming cash positive.

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