Self Funding the Search for Australia's Next Gold Discovery
North American Roadshow Investor Presentation
Perth, Sep 11, 2017 AEST (ABN Newswire) - Intermin Resources Limited (
ASX:IRC) provides the Company's Investor Presentation at North American Roadshow.
Company Introduction
- High quality landholding in the Goldfields of Western Australia
- Strong leadership with extensive WA gold mining and exploration experience
- Growth strategy centered on discovery and resource expansion through exploration
- Generating near-term cash by developing gold projects via third party infrastructure
- More than $12M banked since May with robust 2017 and 2018 mining project pipeline
- Largest ever drill program commenced for FY18 -50% targeting new discoveries
- Pursuing regional consolidation opportunities of high potential exploration assets
- Joint ventures for multi-commodity non-core projects with quality partners
Asset Overview
- Quality gold assets in the heart of the WA goldfields
- 100% ownership of 380km2 on Bardoc, Abattoir and Zuleika shear zones in close proximity to Kalgoorlie
- 180km2 acquired in last 12 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
Major FY18 Drill Program 50% complete
- Largest ever drill program of 32,000m for FY18 -50% of drilling budget on greenfields targets
- Targeting based on results of recent drill campaigns and six month review of geological, geochemical, geophysical and historic databases
- Program to target the Anthill project acquired in March 2017 -upgrading and extending quoted 160,000oz resource - Initial diamond hole result of 105m at 1.38g/t Au including 42m at 2.35g/t
- Substantial 6,700m new discovery program at Blister Dam/New Mexico testing 21 targets including historic drill hits of 9m at 3.43g/t Au
- First pass drilling of Bardoc, Black Flag and Janet Ivy South targets. Recent hit at Baden Powell of 17m at 3g/t Au
- Funding and flexibility to rapidly expand programs following strong results
To view the full presentation, please visit:
http://abnnewswire.net/lnk/51EJ31TQ
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.
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