Intermin Resources Limited: Further High Grade Gold Intersected at Selkirk Prospect

Perth, Australia - Intermin Resources Ltd. (ASX:IRC) is pleased to announce that new high grade gold results have been returned from 1m split assays from recent reverse circulation ("RC") drilling at the 100% owned Menzies gold project located 130km northwest of Kalgoorlie-Boulder in Western Australia (Figure 1, see link below).


Highlights:

- 1m split assays received from recent drilling program at Menzies gold project

- Best shallow assay results returned from Selkirk include:

-- 2m @ 9.12g/t Au from 63m
(including 1m @ 17.81g/t Au from 64m)

-- 1m @ 4.81g/t Au from 80m

-- 2m @ 4.18g/t Au from 102m
(including 1m @ 6.15g/t Au from 103m) - MZRC1601

-- 4m @ 6.67g/t Au from 76m
(including 1m @ 17.08g/t Au from 78m) - MZRC1605

- Significant mineralisation intersected showing good continuity with adjacent historic and more recent drilling

- Mineralisation occurs within structurally controlled quartz/sulphide and shear hosted lodes exhibiting a high nugget effect typical of high grade deposits at Menzies

- Selkirk strike length defined for 100m with a down dip extent of 100m and is open down plunge to the south

- New priority high grade drill targets have been identified at Selkirk and other similar prospects with planning and approvals underway for follow up programs in the September Quarter.

Commenting on the results Intermin's Managing Director, Mr Jon Price said he was pleased with the drilling results that have demonstrated strong continuity from a number of shallow high grade lodes at Selkirk. The drilling was designed to extend the mineralised lodes adjacent to the outstanding results from the previous drill program and has certainly achieved this.

"The small Selkirk mine completed in the 90s delivered very good grade and we are fortunate to be the first to drill beneath the 55m deep pit and to be hitting multiple high grade shoots. Selkirk is one of many small shallow open pits and old workings that have not had a lot of follow up drilling in the last 20 years and we look forward to getting the rigs back to work in this great gold producing region," Mr Price said.

A total of eight holes were completed for 758m at the Selkirk prospect and a further three holes for 271m at the Aspacia prospect (refer ASX announcement dated 15 March 2015). The program at Selkirk has successfully followed up recent and historic drill holes and intersected continuations of the targeted narrow high grade quartz/sulphide and shear hosted gold lodes. Final results from Aspacia are expected by Quarter end.

At Selkirk the program was designed to extend very high grade mineralisation intersected in RC hole MZRC1552 (3m @ 88.6g/t Au from 84m) and holes were completed up dip, down dip and along strike to gain a better understanding of the extent and geometry of the gold bearing structures.

Multiple lodes were again intersected in a number of holes with grades up to 17.81g/t Au (Table 1, see link below). These encouraging intercepts demonstrate the lodes are open at depth and down plunge to the south and they exhibit the typical high nugget grade variability known to occur at the historic mines along strike (Figure 2, 3 and 4, see link below).

The Selkirk prospect has demonstrated the presence of mineralised lode structures over approximately 100m along strike and has been defined currently to a vertical depth of approximately 100m. The mineralisation is open down plunge to the south and there is strong potential to define a high grade underground Resource with additional drilling.

The Selkirk prospect is sparsely drilled along strike and at depth below 100m and will be the focus of targeted RC drilling in the September Quarter once approvals are in place. Intermin's strategy is to discover and define sufficient Mineral Resources to underpin the construction of a stand-alone CIP/CIL processing facility designed to treat high grade free-milling ores at Menzies. The strategy aims to take advantage of the excellent infrastructure sites located within the Company's granted Mining Leases and proximity to known gold deposits.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/64FOC1NK


About Intermin Resources Limited:

Intermin Resources Ltd. (ASX:IRC) is a gold exploration and development company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia’s richest gold deposits. The Company’s flagship projects are the 100% owned Menzies and Teal projects which host significant mineralisation and have the potential to be mined via open cut and underground methods.

Perth and Menzies-based Intermin is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core projects and build a sustainable development pipeline.

Intermin is targeting the definition of significant high grade open cut and underground gold deposits, has acquired highly prospective tenure and will continue to actively pursue consolidation and value-adding joint venture opportunities for the benefit of all stakeholders.



Contact:

Intermin Resources Ltd.
Investors/Media
Jon Price, Managing Director
T: +61-8-9386-9534
E: jon.price@intermin.com.au

Lorry Hughes, Corporate Development Manager
T: +61-8-9386-9534
E: lorry.hughes@intermin.com.au