Sign up
Mining Capital

Intermin Resources and partner begins drilling high-grade gold targets

The drilling at the Kombi prospect will follow-up recently obtained shallow gold intercepts.
kombi gold prospect
Intermin is a gold producer

Intermin Resources Ltd's (ASX:IRC) partner, Mithril Resources (ASX:MTH) has commenced a drill program targeting high-grade gold at the Kombi prospect near Meekatharra in Western Australia.

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.

READ NEXT: Intermin Resources' broad gold discoveries at Anthill reveal company-making potential

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.

View full IRC profile View Profile
View All

Related Articles

© mining Capital 2018

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.