Intermin Resources Limited (ASX:IRC) has received further positive drilling results from its Teal gold project located 11 kilometres northwest of Kalgoorlie-Boulder in Western Australia.
To date, 131 holes for 16,342 metres have been completed at the Jacques Find and Yolande prospects as part of the 2018 drill program.
READ: Intermin Resources hits high-grade gold in drilling at Teal project near Kalgoorlie
Significant high grade downhole drilling intercepts received to date from the Teal gold project include:
• 10 metres at 6.70 g/t gold from 60 metres including 4 metres at 14.63 g/t gold from 60 metres;
• 8 metres at 5.88 g/t gold including 4 metres at 10.20 g/t gold from 124 metres; and
• 8 metres at 5.28 g/t gold from 64 metres including 1 metre at 19.70 g/t gold from 66 metres.
Drill program aimed at growing the resource base
In February 2018 Intermin began a self-funded 55,000-metre drilling program across its 100%-owned Kalgoorlie gold projects.
The $4 million drill program is focused on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam projects.
The program will include 20,000 metres of drilling at the Teal project area aimed at growing the current resource base and testing new discovery targets identified in 2017.
READ: Intermin Resources strikes gold at Wills Find at early stage of extensive drilling program
Intermin managing director Mr Jon Price said: “The drilling results to date continue to deliver excellent width and grade and now demonstrate the continuity of the Jacques Find trend along 800 metres of strike length.
“Multiple parallel structures have now been identified providing significant potential for further resource growth.
“The company now looks forward to receiving all the drilling data from the Teal gold camp and compiling an updated resource for release in the September quarter.
“The drill rigs now move on to the exciting Binduli and Anthill gold projects where we aim to grow our resources, add to our production profile and continue the search for Kalgoorlie’s next new gold discovery.”