Self Funding the Search for Australia's Next Major Gold Discovery
RIU Explorers Conference Presentation February 2018
Perth, Feb 20, 2018 AEST (ABN Newswire) - Intermin Resources Limited (
ASX:IRC) provides the Company's latest presentation at RIU Explorers Conference.
Asset Overview
- Quality gold assets in the heart of the WA goldfields
- 100% ownership of 500km2 on Bardoc, Abattoir and Zuleika shear zones in close proximity to Kalgoorlie
- 290km2 acquired in last 18 months
- Limited modern exploration in last 20 years
- Walk up drill targets for new discovery exploration
- Existing JORC 2012 Resource of 356,000oz grading 2.24g/t
- Comprehensive regional geological data base
- Assets close to existing third party milling infrastructure
- Strategic joint ventures in place at no cost to Intermin covering 380km2 in Western Australia
New Discovery & Resource Growth
- New discovery and resource growth drilling program commenced with 55,000m planned within a $4M budget
- Combination of RC and diamond drilling to test both extensions along strike and, particularly at depth
- 50% allocated to new discovery drilling and 50% on Resource growth to grow the current Resource base
- New discovery targets include the Blister Dam project area, Anthill east and Fire Ant and new targets within the Teal gold camp
- Resource growth drilling will focus on extensions along strike and at depth at Anthill, Teal and the new Jacques Find discovery
- Drilling of regional projects including Olympia, West Kalgoorlie, Black Flag, Broads Dam, Area 54, Yarmonyand KanownaNorth
- First drilling results expected early in the June Quarter
To view the full presentation, please visit:
http://abnnewswire.net/lnk/751V7ENF
About Horizon Minerals Limited
Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.
| ||
|
