Intermin Resources Limited (ASX:IRC) is continuing to receive further encouraging drilling results from the Jacques Find discovery, part of the Teal gold camp near Kalgoorlie-Boulder in Western Australia.
Significant high-grade reverse circulation intercepts include:
- 27 metres at 4.16 g/t gold from 45 metres;
- 1 metres at 9.53 g/t gold and 10 metres at 2.59 g/t gold from 71 metres; and
- 2 metres at 3.38 g/t gold from 31 metres.
All holes successfully intercepted significant mineralisation beyond the current resource envelope to the north, south and at depth.
Importantly, excellent grades and widths in the oxide supergene zone together with primary high grade mineralisation demonstrate potential for both open cut and underground mining.
Intermin is planning a major follow up drilling program to commence in the March quarter 2018 with an updated gold resource expected in the June quarter 2018.
The company is also drilling for Australia's next gold discovery at the Anthill project, located on the Zuleika shear zone in the Western Australian Goldfields.
Intermin is expecting news flow from multiple projects including drilling results from the Kalgoorlie gold projects, Nanadie Well JV and Binduli JV.