Sign up Australia
Proactive Investors - Run By Investors For Investors

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.
no_picture_pai.jpg
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.

View full IRC profile View Profile

Intermin Resources Ltd Timeline

Related Articles

Gold bars
September 11 2017
Ortac Resources' diversified investment portfolio will now be streamlined, with the focus on two particular assets in Africa
electric car
August 09 2017
Most graphite companies either hunkered down in an ill-conceived attempt to ride out the storm..
Tinka_drilling_592c3d47d9b15.png
August 16 2017
The Ayawilca zinc zone already has an inferred mineral resource of 18.8 million tonnes at 8.2% zinc equivalent

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use