Proactive Investors - Run By Investors For Investors

Intermin Resources grows mineral resource at Crake Gold Project in WA to more than 667,000 ounces

The upgrade follows highly successful infill and extensional drilling completed at the project in 2018.
Intermin Resources grows mineral resource at Crake Gold Project in WA to more than 667,000 ounces
The project is 9 kilometres west of Kalgoorlie-Boulder in the heart of the West Australian goldfields

Intermin Resources Limited (ASX:IRC) has recorded a mineral resource for the Crake Gold project, growing the total mineral resources to more than 667,000 ounces.

New data from drilling has been used to compile a detailed independent mineral resource estimate compliant with the JORC 2012 code.

The maiden independent mineral resource for Crake now stands at 1.12 million tonnes at 1.59 g/t gold for 57,000 ounces at a 1 g/t lower grade cut off.

Mineralisation is open to the west and north and Intermin’s total mineral resource estimate is now at 10.38 million tonnes grading 2 g/t for 667,500 ounces at a 1 g/t lower grade cut off.

 

 

Intermin managing director Jon Price said: “The successful drilling in 2018 has clearly demonstrated the potential for the Binduli project area and resulted in a significant maiden resource for the Crake project.

“We look forward to building on this in 2019 both at Crake and the other priority targets within the Binduli area and believe the project will play significant part in our future mine development plans.”

A total of 85 reverse circulation holes for 8,096 metres of resource drilling was completed at Crake in 2018, resulting in an increase of 69% in the indicated resource category.

Further breakdowns of ore types and categories are shown in the table below:

 

 

Further drilling is planned to test extensions to the mineralisation during 2019 targeting Crake and the greater Binduli project area such as the Coote, Darter and Honeyeater targets.

Initial scoping studies assessing optimal mining and processing pathways for open cut mine development will begin in the current March quarter.  

View full IRC profile View Profile

Intermin Resources Ltd Timeline

Related Articles

Platina’s scandium oxide sample
April 10 2019
Products derived from Platina’s scandium can produce master alloy material.
The high-grade Aucu project on a Kyrgyzstan map
January 22 2019
White Cliff Minerals has a portfolio of projects, including a high-grade gold project in the Kyrgyz Republic and nickel-cobalt battery minerals projects in Western Australia. The company is undertaking a review of its assets, hoping to determine how it can maximise value and save on costs.
The 25th element on the periodic table, manganese
February 13 2019
Test work on Butcherbird ore recently produced very high purity 99.95% manganese metal.

© Proactive Investors 2019

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