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Intermin Resources' partner Mithril Resources commences gold drilling program near Meekatharra

Intermin Resources' partner Mithril Resources commences gold drilling program near Meekatharra

Thu Sep 14 2017

 

 

Intermin Resources Ltd's (ASX:IRC) partner, Mithril Resources Ltd (ASX:MTH), has commenced a reverse drilling program at the Kombi Gold Prospect, located 70 kilometres south-east of Meekatharra in Western Australia.

 

Kombi comprises shallow historic gold workings with reported production to 10 metres depth of 1,094 tonnes at 10.8g/t gold.

 

A large gold in soil anomaly 150 metres by 170 metres in size has been defined immediately along strike from the workings.

Joint venture details

 

Under the terms of the joint venture, Mithril can earn a 60% interest in the tenement by completing expenditure of $2 million by 14 April 2019, and an additional 15% by completing further expenditure of $2 million over a further 2 years.

 

Source: http://www.proactiveinvestors.com.au/