Intermin Resources Limited (ASX:IRC) RIU Explorers Conference Presentation February 2018

Self Funding the Search for Australia's Next Major Gold Discovery

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.

 

Related Companies

Horizon Minerals Limited