Intermin Resources
Intermin Resources (ASX:IRC) is an exploration and development company focussed on Australian resource projects.
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Intermin Resources and partner Mithril Resources reveal new gold prospect
Intermin Resources Ltd (ASX:IRC) and Mithril Resources Ltd (ASX:MTH) have a partnership at the Murchison Project, located 70 kilometres south-east of Meekatharra in Western Australia.
Mithril is farming-in and can earn a 60% interest by completing expenditure of $2 million by 14 April 2019, and an additional 15% by completing further expenditure of $2 million over a further two years.
Mithril is targeting high-grade gold beneath the historic Gloria June workings, and a review of previous exploration data has identified a new gold prospect named Kombi.
At Gloria June, records show production of 1,094 tonnes at 10.8g/t gold within 10 metres of the surface.
Highlighting the potential, sampling of remnant quartz vein material returned up to 271g/t gold.
Other Intermin Resources news
- Intermin Resources Ltd receives cash injection from options
2017-07-04 - Intermin Resources in-the-money options final trading day
2017-06-26 - Intermin Resources receives first cash for gold production
2017-05-15 - Intermin Resources and partner Evolution Mining drilling for gold at Binduli
2017-04-05 - Intermin Resources more than doubles gold resource at Teal
2017-03-22
