Announcement 15/06/2006 • Intermet Resources has commenced a detailed exploration program at the companys 100% owned flagship Lake Gilles project in the Gawler Craton region, South Australia. The program will consist of an infill gravity survey, geological mapping, calcrete and rock sampling aimed at defining specific drill targets with potential Olympic Dam style mineralisation, orogenic/epithermal gold and base metal mineralisation. At the companys Lake Gilles Project, a program of infill calcrete, rock chip sampling and detailed mapping will commence in July to define existing gold anomalies and delineate drill targets. Results are expected in August and drilling is planned for September/October.
Announcement 27/09/2006 • Intermet Resources announced infill gravity survey results have revealed the location of three Olympic Dam and Carrapateena style IOCG prospects at the Lake Gilles project, located 70km west of Port Augusta, South Australia. A four hole 2,300m diamond drilling program will commence in December with initial drilling targeting the Salt Creek and Red Dam prospects.
Announcement today • InterMet Resources Limited (ASX:ITT) is pleased to announce that drilling commenced today at its flagship Lake Gilles Project. Red Dam hole RD-DD2 is the first in a planned six hole program aimed at targets generated from detailed gravity data. This hole will be drilled to an estimated depth of 600m with the top of the gravity feature modeled at 360m deep.
* The Lake Gilles project is located 70km west of Port Augusta, South Australia * ITT has a low market cap with very few shares available (20M shares and 10 million Options remainder escrowed until 2007/08).
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ITT Price at posting:
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