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Horizon Minerals Ltd

Intermin Resources drill results pave way for new maiden resource

A maiden JORC resource estimate will be compiled and is expected in the March quarter 2019.

Teal and Binduli Project Areas tenement locations and prospects
The latest results come from the Crake Prospect within the Binduli Project

Intermin Resources Ltd (ASX:IRC) has received assay results featuring 13 metres at 4.10 g/t gold from 65 metres from its Binduli Project near Kalgoorlie in Western Australia.

Drilling is part of the 55,000-metre program that commenced in February 2018 focussed on new discoveries and resource extensions across its multiple projects in the Kalgoorlie region.

A total of 85 reverse circulation (RC) holes for 8,096 metres were drilled to an average depth of 95 metres.

Highlights from the recent results are in yellow below.

READ: Intermin Resources updates Teal gold resource, regional drilling ongoing

Intermin’s managing director Jon Price said: “These latest results continue to demonstrate the potential scale and quality of the Crake prospect in an area that has seen little modern exploration, particularly at depth.

“To have now identified mineralisation over a 420-metre strike length provides us with great confidence in the entire Binduli project area which will be a priority in 2019.

“We now look forward to compiling the first Mineral Resource Estimate at Crake and moving forward with mining studies and metallurgical test work to rapidly advance the project into the mine development pipeline.”

Crake prospect to join list of high priority targets

The results show significant gold mineralisation over 420 metres of strike length.

Notably, this mineralisation remains open along strike to the north and at depth.

Extension drilling at Crake will continue as a priority in 2019, together with high priority targets including Coote, Darter and Honeyeater.

Binduli is now confirmed alongside Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new open cut and underground gold discoveries.

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