Intermin Resources Limited (ASX:IRC) has released first pass drilling results from its Blister Dam Gold Project, 54 kilometres from Kalgoorlie-Boulder in Western Australia.
Results included intersections of 1 metre at 36 g/t gold from 35 metres and 5 metres at 4.12 g/t gold from 46 metres.
As a result of the drilling, five new prospects have been generated in the project area.
Two distinct gold mineralisation styles
Of the 21 targets identified at Blister Dam, nine of these were subject to first pass drilling.
The program was completed in December 2017 with 46 reverse circulation holes drilled for 4,120 metres to an average depth of 90 metres.
Initial drilling confirms two distinct gold mineralisation styles, being strongly developed high-grade quartz veins and broader lower grade shear hosted gold mineralisation.
Price says Blister Dam is one of group’s most exciting assets
Jon Price, managing director, said: “With these excellent first pass results, Blister Dam has certainly staked its claim as one of the most exciting assets within our portfolio to deliver a significant new discovery.
“We now look forward to the large scale follow up program commencing shortly in an area on the Zuleika shear zone that has had very little modern exploration and remains virtually untested at depth.”
Extensive drilling planned in 2018
The next phase of drilling at Blister Dam will be completed in the first half of 2018.
As part of a $4 million new discovery and resource growth program, over 7,000 metres has been allocated at Blister Dam.
An additional 7,000 metres of drilling will be conducted at Blister Dam in the second half if required.