Intermin Resources Ltd (ASX:IRC) has received additional assay results from resource extension and new discovery drilling at the Teal Gold Project near Kalgoorlie, Western Australia.
Drilling commenced in February 2018 with 20,000 metres planned as part of the 55,000-metre program for CY2018.
182 reverse circulation (RC) holes for 23,545 metres has been completed with the majority of the drilling focussed on resource growth at Teal, Jacques Find, Peyes Farm and Yolande.
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Highlights from the latest assays include:
• New, fresh rock mineralisation discovered 100 metres east of the Teal pit at Teal East featuring 12 metres at 3.43 g/t gold from 96 metres;
• New, shallow gold mineralisation discovered on the eastern edge of Teal pit featuring 14 metres at 3.02 g/t gold from 41 metres;
• Depth extensions at Peyes Farm featuring 4 metres at 4.29 g/t gold from 167 metres; and
• Depth extension potential at Jacques Find featuring 10 metres at 2.12 g/t gold from 139 metres.
New discovery drilling was an important part of the overall Teal program with three new discoveries being made in the June half (Teal East, Wills Find, Teal West).
The strike limits for Teal, Jacques-Yolande and Peyes Farm mineralisation are also now well defined to about 200 metres depth.
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Intermin’s managing director Jon Price said: “The large drilling program at the Teal gold camp has certainly delivered excellent results to date and identified four parallel mineralised structures across a 6 kilometre strike zone, demonstrating the potential scale of the system.
“We now look forward to the updated resource and moving forward on mining studies to continue creating value for shareholders in this fantastic part of the Western Australian goldfields.”
All data now being compiled to produce updated resource estimates for the Jacques Find and Yolande prospects in August 2018.
Drilling now focusing on Anthill
At the end of June, drilling operations at the Teal project were completed with the RC rig being relocated to Anthill and commencing the 14,000-metre resource drilling program.
Intermin also intends to plan for follow-up resource drilling at Teal West and Teal East and exploration drilling at Wills Find.