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 increases footprint in highly prospective Kalgoorlie-Boulder region
2018-06-19 - Intermin Resources resumes ore mining at Teal Gold Mine
2017-12-06 - Intermin Resources begins work on a processing pathway for its vanadium resource
2017-09-20 - Intermin Resources Ltd receives cash injection from options
2017-07-04 - Intermin Resources in-the-money options final trading day
2017-06-26
