https://www.miningweekly.com

Intermin adds to gold holdings in WA

12th January 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Intermin Resources has expanded its landholding in Western Australia, acquiring the Kanowna North project and new exploration tenure at the Yarmony project.

The Kanowna North project is located some 35 km north of Kalgoorlie, and has previously been subjected to limited reconnaissance style drilling. The project is highly mineralised and local prospectors have reported the recovery of significant gold nuggets from surface metal detecting and grading activity over a 2-km-long strike zone.

The exploration area is some 49 km north-west of Coolgardie and is immediately adjacent to and extends the Yarmony project to 15 km.

Intermin told shareholders that significant shallow gold has been intersected at historic augur and aircore drilling at priority prospects within the exploration area.

MD Jon Price said on Thursday that the Kanowna North project, in particular, is exciting owing to the amount of gold recovered by prospectors and the very little targeted exploration to identify the source.

“The new projects add to our 100%-owned asset base and provide us with multiple new advanced drilling targets to test and grow our resource profile,” said Price.

The Kanowna North project was purchased from a prospecting consortium for 500 000 shares in the company, at a deemed price of 10c a share, while the Yarmony exploration area was acquired for 75 000 shares.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.133 0.169s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: