Sign up Australia
Proactive Investors - Run By Investors For Investors

Intermin Resources’ partner begins drilling at the Binduli joint venture gold project

Testing high priority targets at the Coot & Crake and Honey Eater prospects.
map of Western Australia
The project is located near Intermin’s Teal gold mine

Intermin Resources Limited’s (ASX:IRC) joint venture partner Evolution Mining Ltd (ASX:EVN) has commenced a 4,000 metre drilling program at the Binduli JV gold project in Western Australia.

The Binduli project comprises circa 100 square kilometres of under-explored tenements located 5-20 kilometres northwest of Kalgoorlie-Boulder.

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 drilling up to 39 angled drill holes to depths of 100-120 metres and will test high priority geochemical and structural targets at the Coot & Crake and Honey Eater prospects.

It is worth noting that the Binduli area is bound to the west by the highly prospective Zuleika Shear Zone and to the east by the increasingly important Abattoir Shear Zone.

At the Coot & Crake prospects, 26 holes are planned to test for new mineralisation for circa 2 kilometres north along strike from previously identified mineralisation with a best intercept of 15 metres at 5.59 g/t gold from 71 metres.

At the Honey Eater prospect located four kilometres southwest of Intermin’s Teal gold mine, 13 holes are planned for 1,380 metres to test new targets along strike from historic drill intercepts.

The drilling is expected to take up to four weeks.

Earlier this month, drilling at the Teal gold project northwest of Kalgoorlie-Boulder intercepted spectacular widths and grades of gold.

READ NOW: Intermin Resources’ drilling reveals potential to develop Teal as a gold mining hub

Significantly, the drilling was successful in extending the mineralisation beyond the current resource envelope to the north, south and at depth.

Intermin is expecting news flow from multiple projects including drilling results from the Kalgoorlie gold projects, Nanadie Well JV drilling updates and gold production/development updates from the Teal gold mine.

View full IRC profile View Profile

Intermin Resources Ltd Timeline

Related Articles

diamond
January 30 2018
Tango Mining is looking forward to a strong 2018, as diamond production comes on stream from two mines
mine workers
March 31 2018
Kazera Global is now mining more tantalum more efficiently, and the buyers are beginning to come in
australian and south africa flags detailing company's projects
April 12 2018
The company is fast-tracking its application for full-scale mining rights across the WBP.

© 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