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Intermin Resources getting a free hit on copper drilling

The company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions.
Intermin is currently a gold producer through its operating Teal Gold Mine

Intermin Resources (ASX:IRC) is in a position to benefit as its earn-in partner on one of its non-core assets is drilling out copper and gold at the Murchison Project located in Western Australia.

Positive assay results have been received from diamond drilling recently carried out at the Nanadie Well Deposit and adjacent Stark Prospect.

Results from Nanadie Well include 4.90 metres at 1.80% copper, 0.25 g/t gold within a broader intercept of 127.7 metres at 0.40% copper and 0.11 g/t gold from 42.8 metres.

Results from Stark include 5.40 metres at 1.25% copper, 0.26% nickel, 1.21 g/t gold + platinum + palladium (3PGEs) within a broader intercept of 30.40 metres at 0.52% copper, 0.13% nickel, 0.36 g/t 3PGEs from 248.50 metres.

Mithril Resources (ASX:MTH) can earn a 60% interest in the tenements by spending $2 million by 14 April 2019, and an additional 15% by spending an additional $2 million over a further two years.

This latest drilling in combination with previous results demonstrates the presence of two very large copper mineralised systems that remain open in all directions.

The focus of future exploration will be the 13 kilometres of untested magnetic anomalies extending south from Nanadie Well and Stark.

Elsewhere, Intermin is currently gold mining at its 100% owned Teal Gold Mine located 11 kilometres north-west of Kalgoorlie-Boulder in Western Australia.

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