Sign up Australia
Proactive Investors - Run By Investors For Investors

Intermin Resources' first-pass drilling results warrant extensive follow-up program

As a result of the drilling, five new prospects have been generated in the project area.
Picture of drilling rig at Blister Dam
The next phase of drilling at Blister Dam will be completed in the first half of 2018

Intermin Resources Limited (ASX:IRC) has released first pass drilling results from its Blister Dam Gold Project, 54 kilometres from Kalgoorlie-Boulder in Western Australia.

Results included intersections of 1 metre at 36 g/t gold from 35 metres and 5 metres at 4.12 g/t gold from 46 metres.

As a result of the drilling, five new prospects have been generated in the project area.

Two distinct gold mineralisation styles

Of the 21 targets identified at Blister Dam, nine of these were subject to first pass drilling.

The program was completed in December 2017 with 46 reverse circulation holes drilled for 4,120 metres to an average depth of 90 metres.

Initial drilling confirms two distinct gold mineralisation styles, being strongly developed high-grade quartz veins and broader lower grade shear hosted gold mineralisation.

Price says Blister Dam is one of group’s most exciting assets

Jon Price, managing director, said: “With these excellent first pass results, Blister Dam has certainly staked its claim as one of the most exciting assets within our portfolio to deliver a significant new discovery.

“We now look forward to the large scale follow up program commencing shortly in an area on the Zuleika shear zone that has had very little modern exploration and remains virtually untested at depth.”

Extensive drilling planned in 2018

The next phase of drilling at Blister Dam will be completed in the first half of 2018.

As part of a $4 million new discovery and resource growth program, over 7,000 metres has been allocated at Blister Dam.

An additional 7,000 metres of drilling will be conducted at Blister Dam in the second half if required.

READ: Intermin Resources aims to surpass one million ounces of gold in 2018

View full IRC profile View Profile

Intermin Resources Limited Timeline

Related Articles

1539771821_Group-Eleven---directors-in-Ireland---usable.jpg
October 17 2018
Exploration efforts in Ireland are now intensifying
Drums of uranium
September 17 2018
Scale of transaction and participation by specialists are strong signals of the health of uranium investor sentiment, says CEO.
1532518239_Vanadium-electrolyte-batteries.jpg
Mon
The vanadium price is riding high and so is Bushveld Minerals

© 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