Intermin Resources Limited (ASX: IRC) – $0.075
22 Mar 2016
Intermin Resources Limited (ASX: IRC) has reached agreement with Metaliko Resources Limited (ASX: MKO) to purchase 100% interest in the Kalgoorlie – Menzies Gold Projects located in the Goldfields of Western Australia (Figure 1).
Figure 1. Location of the Kalgoorlie – Menzies Gold Projects
The Projects comprise 66 exploration, prospecting, mining and miscellaneous licenses with a total area of 141km2 and covers the Bardoc Tectonic Zone and the Zuleika and Kunanulling Shear Zones.
Consideration for the sale includes 5,000,000 fully paid ordinary shares in the company with a current value of approximately $375,000.
The company will commence a detailed database review to validate previously identified targets yet to be followed up and generate new exploration targets in the area of interest.
For further information, visit www.intermin.com.au
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