(MENAFN- ABN Newswire) Self Funding the Search for Australia's Next Major Gold DiscoveryPerth, Feb 20, 2018 AEST (ABN Newswire) - Intermin Resources Limited () provides the Company's latest presentation at RIU Explorers Conference.
Asset Overview
- Quality gold assets in the heart of the WA goldfields
- 100% ownership of 500km2 on Bardoc, Abattoir and Zuleika shear zones in close proximity to Kalgoorlie
- 290km2 acquired in last 18 months
- Limited modern exploration in last 20 years
- Walk up drill targets for new discovery exploration
- Existing JORC 2012 Resource of 356,000oz grading 2.24g/t
- Comprehensive regional geological data base
- Assets close to existing third party milling infrastructure
- Strategic joint ventures in place at no cost to Intermin covering 380km2 in Western Australia
New Discovery & Resource Growth
- New discovery and resource growth drilling program commenced with 55,000m planned within a $4M budget
- Combination of RC and diamond drilling to test both extensions along strike and, particularly at depth
- 50% allocated to new discovery drilling and 50% on Resource growth to grow the current Resource base
- New discovery targets include the Blister Dam project area, Anthill east and Fire Ant and new targets within the Teal gold camp
- Resource growth drilling will focus on extensions along strike and at depth at Anthill, Teal and the new Jacques Find discovery
- Drilling of regional projects including Olympia, West Kalgoorlie, Black Flag, Broads Dam, Area 54, Yarmonyand KanownaNorth
- First drilling results expected early in the June Quarter
To view the full presentation, please visit:
About Intermin Resources Limited
() is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal Stage 1 gold mine is currently in production.
Intermin is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core projects and build a sustainable development pipeline.
Intermin is targeting the definition of significant high grade open cut and underground gold deposits, has acquired highly prospective tenure and will continue to actively pursue consolidation and value-adding joint venture opportunities for the benefit of all stakeholders.
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