Sign up Australia
Proactive Investors - Run By Investors For Investors

Intermin Resources drills out southern extensions to Goongarrie Lady

A feasibility study recently supported Goongarrie as a viable gold mine.
RC drill rig
A 1000-metre RC program is planned to follow up these results

Intermin Resources Ltd (ASX:IRC) has received results from a three hole reverse circulation (RC) program testing southern extensions at the Goongarrie Lady gold project near Kalgoorlie.

The three holes were testing up to 500 metres south of the current pit design and all returned new and significant gold mineralisation including 2 metres at 17.7 g/t gold from 47 metres.

The three successful drill holes highlight the prospectivity of the southern Goongarrie Lady area in particular GLRC1804 where gold was panned from high-grade quartz veins.

Intermin managing director Jon Price said: “These latest results have demonstrated the potential to extend the project to the south and we look forward to the results of the follow up drilling and assessing the impact on the current production profile and project economics.”

READ: Intermin Resources delivers positive feasibly study for Goongarrie Lady gold project

An initial 1,000-metre follow-up program has been planned and will commence in the current September quarter, aimed at linking the mineralisation with the current reserve envelope.

Further drilling will also test a potentially new parallel lode to the east.

READ: Intermin Resources drills out broad high grade gold at Binduli

Most recently, Intermin received assays from initial resource drilling at its 100% owned Binduli gold project also near Kalgoorlie in Western Australia.

Assays from the first 25 reverse circulation (RC) holes intersected significant gold at the Crake prospect including 28 metres at 3.30 g/t gold from 56 metres.

Crake is one of five high priority prospects at Binduli that have had limited drilling and remain relatively untested at depth.

View full IRC profile View Profile

Intermin Resources Limited Timeline

Related Articles

Rock samples from BC Cobalt Project
October 16 2018
Jewel prospect in the BC Cobalt Project is the company’s highest priority for drill testing at the earliest opportunity.
toy blocks that spell the word FUNDING
October 05 2018
The company was recently granted a mining licence for its Lindi Jumbo Graphite Project.
vanadium periodic table symbol
November 02 2018
The study demonstrates a viable open-pit mining operation with a positive business case.

© 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