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Intermin Resources partner confirms presence of gold bearing structures at Kombi

Drilling data is being evaluated to determine the next exploration steps.
Drilling at Kombi
Eight reverse circulation holes have been completed at the prospect in Western Australia

Intermin Resources Ltd's (ASX:IRC) partner, Mithril Resources (ASX:MTH) has intersected further gold in drilling at the Kombi prospect in Western Australia.

Results have confirmed the presence of gold bearing structures at the prospect, which is circa 70 kilometres southeast of Meekatharra.

The drilling program comprised eight reverse circulation holes for 498 metres.

It was carried out at the southern end of Kombi within a zone of quartz veins and shearing.

READ: Intermin Resources’ partner to follow up high-grade gold hits at Kombi

The latest holes returned 4 metres at 0.95 g/t gold from 28 metres and 4 metres at 0.29 g/t gold from 52 metres.

Mithril is evaluating all drilling data to determine next exploration steps for the area.

Mithril earning into Kombi prospect

At Kombi Mithril can earn a 60% interest from Intermin by completing expenditure of $2 million by 14 April 2019 with circa $1.24 million spent to date.

It can earn an additional 15% by completing further expenditure of $2 million over a further 2 years.

Intermin producing at Teal

Intermin is a gold producer through its mining operation at Teal Gold Mine 11 kilometres northwest of Kalgoorlie-Boulder in Western Australia.

Teal is on track to produce 15,000 to 16,000 ounces of gold generating net cash flows to Intermin of up to $8 million at A$1600 an ounce gold price.

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