Gold miner Intermin Resources has consolidated tenements making up the Lakewood project near Kalgoorlie in Western Australia.
Intermin, which operates the Teal gold mine in WA’s Goldfields, plans to launch drilling on the Lakewood project in the second half of 2018 once it has been granted final applications for the site.
Lakewood includes 42 prospective licence applications and one exploration licence application covering 115 square kilometres on the greenstone belt south of the region’s historic Golden Mile. The project is also adjacent to the 1 million tonne a year (Mt/y) Lakewood toll milling facility.
Intermin managing director Jon Price said the company was fortunate to pick up such a large contiguous block of the prospective greenstone belt in the heart of the Kalgoorlie goldfields.
He described the addition of Lakewood as “consistent with our strategy of low cost acquisition of assets on major geological structures.”
“Preliminary assessment has highlighted a number of high-quality targets that remain untested and we look forward to commencing drilling on the project once the tenements have been granted,” Price said.
Intermin plans to undertake a detailed review of historical exploration at Lakewood to compile a working database with a view to target generation. It will fast-track this work once the tenements have been granted.