Spectacular Gold Results – Forsayth Gold Drilling Program Highlights • 6m zone grading 29 g/t Au including 1m @ 86.4 g/t Au and 1m @ 59.6 g/t Au • Drilling program aimed to test potential for depth and extent of previously mined shallow gold mineralisation • Quality of results indicates strong potential for economic resource – to be tested via follow up drilling later in 2008 Following on the heels of it’s maiden gold resource at Percyvale and hugely encouraging iron project at Munderra, InterMet Resources Ltd (ASX:ITT) is pleased to announce spectacular gold intersections from its first drilling program at Forsayth. The best intersection returned of 6m @ 29g/t gold including one metre @ 86.4 g/t and one metre @ 59.6g/t gold within drill hole GRC005 between 21-27m (see Plate 1). A total of 18 holes were completed at ML 3326 (Canadian) and ML 3327 (Goldsmiths) for a total of 963 m drilled. Samples were collected at one metre intervals and were assayed for gold. Background The history of the two north Queensland mining leases, located in the Forsayth area, 40 km south of Georgetown (Figure 1), include: • Canadian (ML 3326) – 3,167.6 ozs of gold produced from 4,469 tonnes of ore (a grade of just under 1 oz/t Au) • Goldsmiths (ML 3327) – 10,837 ozs of gold produced from 9,200 tonnes of ore (a grade greater than 1 oz/t Au)
Nice announcement, bad day.
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