Coulta Project
EL 3314, 3702, 3671 & 3948 - InterMet 100%
InterMet’s Coulta project covers the southwestern part of Eyre Peninsula, South Australia.
Intermet is targeting Archaean komatiite-hosted nickel, volcanic hosted massive sulphides (base metals), orogenic lode gold, Iron and sedimentary (rollfront) uranium mineralisation.
Joint Venture Partners
Nickel, Gold and Base Metal Exploration
Recently discovered Archaean greenstones in the Coulta area represent a major new exploration target on the western Eyre Peninsula for komatiitic nickel and volcanic hosted massive sulphides.
InterMet has engaged UTS Geophysics to undertake a detailed 100m line spacing aeromagnetic survey over EL 3702 to complement previous data collected on EL 3314. The survey has greatly improved the resolution of basement structure and will greatly assist in future exploration programs.
InterMet has completed the PACE funded drilling program aimed at determining the lithology of prominent magnetic features defined from the new aeromagnetic data. Analysis of the drill hole information will greatly improve the Company’s understanding of this complex terrain.
Uranium Exploration
InterMet signed a joint venture with Uranoz Ltd for palaeochannel hosted uranium on EL 3314 and EL 3702. Under the joint venture Uranoz can earn up to an 80% interest in palaeochannel uranium only on the Coulta Project (EL 3314 and 3702) from InterMet by spending $1.5M within four years on uranium exploration.
Uranoz recently completed groundwater sampling within the Cummins and Wanilla palaeochannels and are planning a major Airborne Electromagnetic (AEM) Survey within the Wanilla Palaeochannel to define drilling targets.
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