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Intermin Resources and partner Evolution Mining drilling for gold at Binduli

Published: 11:00 05 Apr 2017 AEST

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Evolution is manager of the project

Intermin Resources' (ASX:IRC) partner, Evolution Mining (ASX:EVN), has commenced a 3500 metre drilling program at the Binduli Joint Venture gold project.

The project is located 5 kilometres from Kalgoorlie-Boulder in Western Australia, and comprises a 100 square kilometre tenement package.

There are several high priority prospects first defined in the 90’s that have received little exploration for over 20 years.

Binduli is just along strike from Intermin's wholly-owned Teal gold project, where stage 1 has already entered production.

Jon Price, managing director for Intermin, commented:

"We believe that the region immediately south and southwest along strike from our Teal gold project is very much under-explored and that there are significant discoveries to be made.

"This is the first drill program since inception of the joint venture and significant new information relating to mineralising structures seen within the Teal gold project is now available to assist Evolution with regional interpretation and targeting."


Drilling timeline

The aircore drilling program is underway, and will cover 3500 metres across up to 67 holes, and take around three weeks.

The plan is to confirm historic mineralisation and explore for extensions.

Under the terms of the Binduli Joint Venture Agreement, Evolution can earn 70% of the project by spending $4.6 million over 5 years.

Evolution is manager of the project.

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