Intermin Resources Ltd (ASX:IRC) continues to execute its company strategy of acquiring quality assets on major geological structures contiguous with existing landholdings, while being in close proximity to supporting infrastructure.
Intermin has now pegged new tenure making up the Yarmany Gold Project, located 65 kilometres west of Kalgoorlie-Boulder in the Western Australian goldfields.
The project area now covers 320 square kilometres of the greenstone belt with two new exploration licence applications contiguous with the company’s wholly-owned Yarmany and Area 54 prospects.
Yarmany is located on the highly prospective Ida and Reptile shear zones in close proximity to all required infrastructure.
Jon Price, managing director, commented: "The area has had limited work completed in the last 20 years and was consolidated through pegging at very low cost.
"We see great opportunity for Yarmany to join Teal, Anthill and Blister Dam as a key growth project for Intermin in this world class gold producing region."
Intermin has now commenced data compilation and target generation for initial drilling upon final granting of the applications.