Lake Gilles Project
EL 3466, 3467, 3801 - InterMet 100%
Joint Venture Agreement on EL 3204 with Vintage Exploration Pty Ltd.
The Lake Gilles Project is is a highly prospective area for a range of commodities and geologically is located within a tectonically active zone at the intersection of three major Tectonic Domains.
InterMet is targeting orogenic and epithermal gold-silver and base metals, Broken Hill-style base metal mineralisation and unconformity-related uranium.
Joint Venture Partners
- Mega Uranium earning 80% in unconformity related uranium on EL 3467
- EL 3204 – InterMet earning 95% from Vintage Exploration Pty Ltd
Copper, Gold and Base Metal Exploration
Copper-gold and base metal targets are generally associated with Hutchinson Group metasediments. The Lake Gilles Project is adjacent to Tasman Resources Parkinson Dam Project, where drilling has intersected a possible epithermal system with anomalous gold, silver and base metals. Previous calcrete sampling has shown that the Lake Gilles Project contains significant gold anomalies which were not drill tested.
Previous explorers defined 3 gold in calcrete anomalies at:
- Rinnai – sampling defined a discreet 1km x 1km coincident Au-Cu-(As) anomaly (max 10.4 ppb Au)
- Beefeater – A 1.5km x 0.5km +5ppb Au (+/- Cu) anomaly
- Weber –a NW trending envelope of +3 ppb Au and +25 ppm Cu (max 8.4 ppb Au)
Previous explorers defined anomalous polymetallic results at:
- Companion – Multi-element spot highs associated with quartz veined fault structure
- Triumph – anomalous base metals within soil samples
Both of these zones are associated with outcropping quartz veins which appear similar to the neighboring Parkinson Dam project. InterMet is planning to undertake infill calcrete sampling in several areas together with detailed mapping and rock chip sampling to define drilling targets.
Uranium Exploration
InterMet Resources has entered a heads of agreement with Hindmarsh Resources Ltd (Hindmarsh) in relation to a joint venture on Exploration Licence 3467. The Corunna North tenement becomes part of Hindmarsh’s exploration focus for unconformity-related uranium deposits.
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