Sign up Australia
Proactive Investors - Run By Investors For Investors

Intermin Resources' hits high-grade gold in first pass drilling near Kalgoorlie

Intermin is set to increase exploration news flow for the remainder of 2017.
Intermin Resources' hits high-grade gold in first pass drilling near Kalgoorlie
Intermin is actively drilling near Kalgoorlie

Intermin Resources Ltd (ASX:IRC) has delivered high-grade gold from first pass reconnaissance drilling at the Bardoc Tectonic Zone project, located 60 kilometres north of Kalgoorlie-Boulder in Western Australia.

Drilling covered five reverse circulation holes for 574 metres at the Baden Powell prospect, and 27 air-core holes for 2,174 metres at the Olympia gold prospect.

The highlight from the Baden Powell prospect revealed: 17 metres at 3.00 g/t gold from 104 metres, including 7 metres at 5.95g/t gold.

Jon Price, managing director, commented:

"The high grade intercept at Baden Powell is very encouraging and demonstrates the increasing widths and grades at depth to the south of the historic workings where very little drilling has been conducted in the past.

"This is also the first ever drilling at Olympia in our understanding and it is extremely pleasing to see anomalous gold mineralisation supporting the gold in soils work completed last year.

"The company is investing heavily in new discovery exploration this year and will continue to apply the very latest in science and technology to systematically expand on the results to date."

Next steps

Follow up drilling at Olympia will now focus on two key areas to test both the quartz sulphide mineralisation at depth and for the presence of a larger supergene blanket, similar to the 1.3 million gold ounce Aphrodite deposit 4 kilometres along strike.

Intermin remains a very active explorer, with diamond and reverse circulation drilling continuing at multiple prospects in the Kalgoorlie region.

Results are expected throughout the remainder of the 2017 calendar year.

WATCH NOW: Intermin's Jon Price outlines the company's cash generating gold projects

View full IRC profile View Profile

Intermin Resources Ltd Timeline

Related Articles

July 19 2017
Medgold has earmarked drilling to start at the Tlamino project in Serbia in August
Gold bars and gold mining operation
March 28 2018
The AUD gold price is trading near its all-time highs at around A$1,750 per ounce.
copper ore
April 10 2018
The AIM-listed junior now sees at least 20 years of operations at the Newfoundland-based copper/gold operation

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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