Importantly, the drilling at Kombi will follow-up recently obtained shallow gold intercepts of 4 metres at 12.76 g/t gold from 20 metres and 1 metre at 5.44 g/t gold from 20 metres.
The Kombi gold prospect lies on Intermin’s exploration license which is subject to a farm-in and joint venture agreement with Mithril.
Mithril can earn a 60% interest in the tenement by spending $2 million by April 2019, and an additional 15% by spending $2 million over a further 2 years.
It is worth noting that Kombi comprises shallow historical gold workings with a reported production of 1,094 tonnes at 10.8 g/t gold.
Meanwhile, Intermin is on a search for Australia's next gold discovery at the Anthill project, located on the Zuleika shear zone in the Western Australian Goldfields.
The recent high-grade gold drilling results at Anthill demonstrate the large scale open cut and underground potential of the project.
Intermin is a gold producer through its mining operation at the Teal Gold Mine located 11 kilometres north-west of Kalgoorlie-Boulder in Western Australia.
The company is well-funded with over $5.7 million in cash at the end of the September quarter, with a robust 2018 and 2019 mining project pipeline.