Drilling Results Extend Baden Powell Mineralisation
- Stage 2 drilling comprising three holes for 590m has been completed at the 100% owned Baden Powell prospect on the Bardoc Tectonic Zone (BTZ) 60km north of Kalgoorlie-Boulder
- Reverse circulation drilling intercepted significant mineralisation ~120m north along strike of hole BPRC1703 which returned 17m @ 3.00 g/t Au from 104m downhole including a high grade core of 7m @ 5.95g/t Au from 111m (see Note 1 below)
- Best downhole intercepts include (see Note 2 below):
o 14m @ 1.87 g/t Au from 129m (BPRC1708)
o 10m @ 1.30 g/t Au from 183m (BPRC1701)
-- includes 2m @ 3.93 g/t Au from 183m
Commenting on the drilling results, Intermin's Managing Director Mr Jon Price said:
"The results from Baden Powell are encouraging given they have extended the strike length of the mineralisation and demonstrated the system is developing at depth. Follow up work is planned for the second half of 2018.
The Company is certainly spoilt for choice as we plan the large scale self-funded drilling program for 2018. Anthill and Jacques Find will be prioritised given recent drilling success and we eagerly await results from the current drilling at Blister Dam due early in the March Quarter."
The 2017 drilling program at Baden Powell comprised eight RC holes for 1,164m and was completed in two parts. The first five holes were reported to the ASX (29 August 2017) and highlighted the new discovery in BPRC1703 (17m @ 3.0 g/t Au from 104m). The final three holes for 590m were only recently completed.
Hole BPRC1708 and BPRC1702 were drilled north of the old pit with both holes returning thick mineralised intersections. The results are encouraging as it shows the Baden Powell system developing at depth. BPRC1702, 40m north of BPRC1702 returned 1m @ 0.56 g/t Au. Unlike BPRC1703, this hole lacked the quartz and sulphide veining and appears to be part of a "barren zone".
The results from the 2017 program are encouraging as most holes intersected significant mineralisation at depth. These holes are the deepest completed at the project and have provided encouragement to conduct further drilling.
It is likely that given the Company's recent drilling success at the Anthill and Jacques Find projects these will be prioritised for substantial follow up in 2018. Intermin will instead focus on low level exploration work at Baden Powell, namely completing a soils-mapping program over M24/959 and possibly an Induced Polarisation ("IP") survey. The IP survey may help fast track targeting of potential locations of an interpreted high grade structure intercepted in hole BPRC1703. Any IP targets discovered would be drill tested early in 2019.
All gold assay results from the program have been received with drill hole collar details and significant downhole intervals >1.00g/t Au included in Table 1 (see link below).
1 See ASX announcement dated 29th August 2017
2 See Table 1 on Page 3, Competent Persons Statements on Page 5, Forward Looking Statement on Page 6 and JORC Tables on Page 7
To view tables and figures, please visit:
About Intermin Resources Limited
Intermin Resources Limited (ASX:IRC) 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 gold mine has been recently completed.
Intermin is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Intermin has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.
Intermin Resources Limited