News and Announcements
Intermin Resources (ASX: IRC) Teal Gold Project delivers new discoveries
- Published June 15, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Continued success from Intermin’s wholly owned Teal Gold Project in Western Australia.
- Teal project set to conclude in June 2018 with further results expected in the September quarter.
- New mineralisation discovered in the Teal West Project.
- Discovery of lodes and success of drilling programs see follow up diamond drilling to occur in December 2018.
Intermin Resources Limited, a gold and mining company, has announced continuing successful reverse circulation (RC) drilling from its wholly owned Teal gold mine located 11km from Kalgoorlie in Western Australia. Intermin began its $4m self-funded drilling program in February 2018. The drilling program focuses on finding discoveries and resource extensions at the Teal, Anthill and Blister Dam gold projects.
The Teal project will conclude in June 2018 with results being analysed this month. Additional results are expected to be released in September quarter 2018. Additional drilling was complete at the Teal West area, 250m west of the Teal mine. New mineralisation was discovered in April 2018 at this site. The Jacques Find drilling began during 2016 and 2017. Jacques Find extends over 800m and links with Yolande mineralisation. This year’s program has focused on extending mineralisation another 400m north and is currently 90% completed. Further results are expected in both the June and September Quarters.
Drilling at Binduli and Anthill gold mines are planned to commence in June with results expected in the September Quarter 2018 to grow Interims resources and add to their profile. Intermin will commence a large-scale RC and diamond program in December quarter 2018 following the successful results to date, and the lodes discovered forming in the Jacques Find area.
About Intermin Resources (ASX: IRC)
Intermin is a gold exploration and mining company focussed in the Goldfields area of Western Australia which are host to some of Australia’s richest gold deposits. The Company’s flagship projects are the 100% owned Teal, Goongarrie, Blister Dam, Windanya and Olympia projects which host significant mineralisation and have the potential to be mined via open cut and underground methods.
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