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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

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