Intermin Resources strikes more gold at Teal, with Jacques Find and Yolande offering up the precious metal

Intermin Resources (ASX: IRC) has struck gold from infill and extension drilling at its Jacques Find and Yolande prospects, which form part the operating Teal gold project in Western Australia.

The company’s wholly-owned Teal gold mine is 11km from Kalgoorlie. A 55,000m drilling program is underway across Teal, and the company’s other projects in the region.

Initial results from the program returned 8m grading 10.31 grams per tonne gold from 123m at Jacques Find. This intersect included a 5m interval grading 15.21g/t gold from 123m.

Other notable drill results from Jacques Find were 8m grading 5.70g/t gold from 64m, 3m grading 10.28g/t gold from 102m, and 6m grading 4.72g/t gold from 54m, with a 6m interval containing 4.34g/t gold from 42m.

The drill results have identified strike at Jacques Find now extends more than 500m, with mineralisation remaining open at depth and to the north.

Over at Yolande, better results were 37m grading 2.16g/t gold from 90m, comprising a 12m interval grading 2.51g/t gold from 90m, and 9m grading 4.45g/t gold from 118m.

“These latest drilling results further demonstrate the potential scale and quality within the Teal project area and certainly justifies the priority placed on this large mineralised system just 15 minutes’ drive from the city of Kalgoorlie-Boulder,” Intermin managing director Jon Price said.

The drilling program at Teal is continuing with Mr Price saying the company hoped to test the full extent of the project’s gold system to build on its existing operation.

Teal gold project

Intermin began its drilling program at Teal in February this year and is spending about A$4 million to discover extensions to the Teal mine and its nearby projects Anthill and Blister Dam.

Exploration at Teal is focused on growing the current resource base with 20,000m of the 55,000m program allocated to this project.

In late March, Intermin reported it had mined 23,500 ounces of gold from Teal under stage one and two operations.

Teal alone has a JORC-compliant resource of 1.49 million tonnes grading 2.18g/t gold for 104,443oz.

Across its gold assets, Intermin has built up 433,741oz of contained gold.

Intermin’s share price had lifted 2.5% by late afternoon trade to A$0.205.