Intermin Resources Limited: Drilling Commences at Binduli JV with Evolution Mining

Perth - Intermin Resources Ltd. (ASX:IRC) ("Intermin" or the "Company") is pleased to announce reverse circulation ("RC") drilling has commenced at the Binduli JV gold project located 5-20km northwest of Kalgoorlie-Boulder in Western Australia (see Figure 2 in link below). On 16 April 2015, Intermin and its 100% owned subsidiary Black Mountain Gold Limited entered into a farm-in and JV agreement with La Mancha Australia Pty Ltd which was soon after acquired by Evolution Mining Ltd. (ASX:EVN) ("Evolution").

HIGHLIGHTS

- Joint Venture partner Evolution Mining Ltd. (ASX:EVN) has commenced a 4,000m drilling program at the Binduli JV gold project

- Up to 39 angled RC holes are planned to depths of 100-120m and will test high priority geochemical and structural targets at the Coot & Crake and Honey Eater prospects

- Drilling is expected to take up to 4 weeks with results and follow-up plans to be released as they come to hand

- Under the terms of the Binduli Joint Venture Agreement, Evolution can earn 70% of the project by spending $4.6M over 5 years.

Commenting on the program Intermin's Managing Director, Mr Jon Price said,

"It is extremely pleasing to see the latest drilling program underway testing the higher priority drill targets in the prospective Binduli region of the WA Goldfields.

Very little modern exploration has been undertaken in this area and we look forward to working with the team at Evolution to unlock the potential of these projects for mutual benefit."

Overview

The Binduli project comprises ~100km2 of under-explored mining and exploration tenements underlain by Achaean felsic to intermediate volcanic and volcanoclastic rocks, porphyry intrusions and sediments. The area is bound to the west by the highly prospective Zuleika Shear Zone and to the east by the increasingly important Abattoir Shear Zone.

The total program will comprise up to 39 angled RC holes for ~4,000m and it is planned to test for gold mineralisation within extensional veins related to shearing along contacts between brittle porphyritic intrusions with the White Flag intermediate volcanic sediments. This style of mineralisation generally forms large tonnage deposits with moderate grade that can be enriched with a supergene blanket.

At the Coot and Crake prospects, 26 RC holes for 2,600m are planned to test for new mineralisation for ~2km north along strike from previously identified mineralisation with a best downhole RC drill intercept of 15m @ 5.59g/t Au from 71m (see Figure 1 & 2 in link below). The +0.4M oz Janet Ivy gold deposit is located <2km south along strike of the new drilling locations on Mining Lease M26/446 which is owned by Norton Gold Fields Ltd. and subject to a $0.50/t production royalty owned by Intermin.

The mineralisation at the Coot and Crake prospects is interpreted to be a shallow south plunging system associated with the contact of felsic porphyry and intermediate volcaniclastic units. Cross cutting structures are also interpreted to influence control on the significant mineralisation.

At the Honey Eater prospect located 4km southwest of the Company's 100 % owned Teal gold mine, 13 RC holes are planned for 1,380m to test new targets along strike from historic drill intercepts (see Figure 3 in link below). A number of reconnaissance style exploration holes from historic programs have inadequately tested below the depleted cover sequences.

A recent re-interpretation of regional geophysical data has identified numerous high magnetic anomalies which are interpreted as felsic porphyry units which have intruded the White Flag volcanic sediments. The prospect has a highly prospective structural setting as it occurs at the intersection of an extensive northwest-southeast trending shear zone and a crosscutting late stage fault.

The shear zone traverses the Janet Ivy, Coot and Crake deposits to the south and extends through Honey Eater ~10km to the north and hosts known historic mineralisation including 7m @ 3.9g/t Au from 68m downhole.

The program is being managed by Evolution and they anticipate drilling will take up to four weeks to complete. Results and follow-up exploration plans will be released as they come to hand.

To view notes and figures, please visit:
http://abnnewswire.net/lnk/R67016GK

About Intermin Resources Limited:

Intermin Resources Ltd. (ASX:IRC) 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 Stage 1 gold mine is currently in production.

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.


Source: Intermin Resources Ltd.



Contact:

Jon Price Managing Director
Tel: +61-8-9386-9534
E: jon.price@intermin.com.au

Lorry Hughes Director - Business Development
Tel: +61-8-9386-9534
E: lorry.hughes@intermin.com.au

Michael Vaughan Media Relations - Fivemark Partners
el: +61-422-602-720
E: michael.vaughan@fivemark.com.au