Intermin Resources Limited (asx:irc) Maiden Resource for the Crake Gold Project Grows Total Mineral Resources to Over 667,000 Ounces
Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce a maiden Mineral Resource estimate for the Crake prospect located within the 100% owned Binduli gold project, located 9km west of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (see Figure 1 in link below).
HIGHLIGHTS
- Highly successful infill and extensional drilling completed at the Crake gold project, 9km west of Kalgoorlie-Boulder in the Western Australian goldfields
- A total of 85 RC holes for 8,096m of resource drilling completed at Crake in 2018(see Note 1 below)
- Maiden independent Mineral Resource Estimate now compiled and stands at:
o 1.12Mt grading 1.59 g/t Au for 57,700oz at a 1.0 g/t Au lower grade cut-off(see Note 2 below)
- 69% in the Indicated Category with mineralisation open to the west and north(see Note 1 below)
- Intermin's Total Mineral Resource estimate grows to:
o 10.38Mt grading 2.00g/t Au for 667,500oz at a 1g/t Au lower grade cut-off (see Note 2 below)
- Additional resource drilling planned for Crake and the Binduli project area in 2019
- Initial mining studies assessing optimal mining and processing pathways for open cut mine development will commence in the current March...
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