Here are some recent announcements made by ITT gone way under...

Here are some recent announcements made by ITT gone way under the radar but with drilling to cmence between nov & dec ITT is now in play:



Exploration Office
Ground Level
11A Croydon Road
KESWICK SA 5035
Tel: +61 8 8351 3388
Fax: +61 8 8375 3999
InterMet Resources Limited
[email protected]
[email protected]
ACN 112 291 960
www.intermetresources.com.au
Registered Office
Level 41 Australia Square
264-278 George Street
SYDNEY NSW 2000
Tel: +61 2 8221 0404
Fax: +61 2 8221 0407
Wednesday, 27 September 2006
LAKE GILLES PROJECT, SOUTH AUSTRALIA
Newly Defined Salt Creek, Red Dam and Lake Edge Prospects Exhibit
Olympic Dam and Carrapateena Style - IOCG Characteristics
Targeted Drilling Due to Commence in December
InterMet Resources Limited (InterMet) (ASX:ITT) is pleased to announce infill gravity survey
results have revealed the location of three Olympic Dam and Carrapateena style IOCG
prospects at the company’s 100% Lake Gilles project, (EL3466) located 70km west of Port
Augusta, South Australia.
The three newly defined Lake Gilles prospects encompassing Salt Creek, Red Dam and Lake
Edge are a direct result of InterMet’s infill gravity survey aimed at seeking specific drill targets,
following anomalies previously identified by the South Australian Government PACE funded
regional gravity survey.
A four hole 2,300m diamond drilling program (Table 1) will commence in December with initial
drilling targeting the Salt Creek and Red Dam prospects.
Commenting on the gravity anomalies, InterMet’s Managing Director, Mr Gary Ferris said, “The
Lake Gilles tenements were selected due to their favourable geological characteristics suitable
for Olympic Dam style IOCG mineralization. Given the gravity survey highlights strikingly
similar anomalous characteristics with Olympic Dam and the recent Carrapateena copper-gold
discovery, Lake Gilles is emerging as the company’s flagship exploration project”.
The development of the Prominent Hill copper-gold mine and the recent discovery of
Carrapateena has put the exploration spotlight back onto the Gawler Craton for IOCG
deposits. The Lake Gilles project has many features that are similar to Olympic Dam,
Prominent Hill and Carrapateena, and InterMet has secured a drill rig to commence drilling in
early December 2006.
ANOMALOUS CHARACTERISITCS EXHIBIT KEY VECTORS FOR IOCG MINERALISATION
• Density of ~3.3gm/cc, which is in the range for IOCG targets;
• High order gravity anomalies between 1 – 4.8mgal;
• The Lakes Edge gravity anomaly is overlain by a slightly offset magnetic anomaly, a
scenario that is similar to Prominent Hill;
• Salt Creek and Red Dam anomalies are located along a major north east (NE) trending
structure which is a similar scenario to Carrapateena.
- 2 -
InterMet Resources Limited
DECEMBER 2006 DRILLING PROGRAMME
Salt Creek
The Salt Creek prospect is located along the western margin of outcropping Burkitt Granite
(Figure 1) in close proximity to the Companion Prospect delineated by previous calcrete
sampling. Regional calcrete sampling over this area returned multi-element spot highs along a
major quartz veined fault structure and a rock chip sample from a well located within 200m of
Burkitt Hill recorded 280ppb Au. The well is cut into sericite altered quartz veined Burkitt
Granite.
InterMet plans to drill one diamond drill hole to 600m (SC-DD1) to test this gravity feature. The
hole will be drilled 60° towards 315° to test this feature. The Salt Creek anomaly is a 2.8mgal
feature with a modelled depth to the top of the gravity feature of 350m (Table 1).
The feature is located on the south eastern part of the Burkitt Pluton along the intersection of
the major NE trending structure within the region and a smaller NE trending structure (Figure
3). This hole is designed to penetrate both structures and intersect the gravity target. The
main NE trending structure crops out as a 30-40m wide quartz vein, which contains visible
sulphides.
Red Dam
The Red Dam gravity anomaly is located approximately 12km south of the Salt Creek prospect
(Figure 1) and comprises a large gravity complex with four discrete anomalies of 3.3gm/cc
(Figure 3). Several other 3.2gm/cc anomalies are located within this area with plans for further
drilling dependant on receipt of initial results.
Three holes will be drilled:
1. RD-DD1 will be drilled 60° towards 270° to test a 1m/gal discrete 3.3mg/cc anomaly
(Figure 3) to a depth of 500m. The modelled top surface of the anomaly is 220m.
2. RD-DD2 will be drilled 60° towards 270° to test a 3.5m/gal discrete 3.3mg/cc anomaly
(Figure 3) to a depth of 600m. The modelled top surface of the anomaly is 360m.
3. RD-DD3 will be drilled 60° towards 270° to test a 3.2m/gal discrete 3.3mg/cc anomaly
(Figure 3) to a depth of 600m. The modelled top surface of the anomaly is 360m.
Lake Edge
The Lake Edge prospect is located along the eastern margin of Lake Gilles (Figure 3) and is
within an area with no previous drill holes.
Table 1. Details of gravity Anomalies on InterMet Resources EL3466
Prospect Drill
Hole
Priority
Planned
Drill
Hole
Number
Drill
Hole
Priority
Easting Northing Gravity
Anomaly
milligals
Interpreted
Depth to Top
of Gravity
Source
Interprete
d Density
of Surface
Salt Creek A SC-DD1 A 688800 6376500 2.8 350 3.3gm/cc
Red Dam A RD-DD1 A 683100 6366000 1 220 3.3gm/cc
Red Dam B RD-DD3 B 685375 6366500 3.2 360 3.3gm/cc
Red Dam A RD-DD2 A 685000 6365500 3.5 360 3.3gm/cc
Red Dam C C 685000 6363500 2.5 340 3.3gm/cc
Lake Edge B B 678700 6383500 2.8 290 3.2gm/cc
Lake Edge B B 679200 6381000 4.8 430 3.3gm/cc
- 3 -
InterMet Resources Limited
The information in this report that relates to Exploration Results is based on information compiled by Mr.
Gary Ferris, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Ferris is the
Managing Director of InterMet Resources and has sufficient relevant experience to qualify as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves’. Mr Gary Ferris consents to the inclusion in the report of
the matters based on his information in the form and context in which it appears.
For further information, contact:
Mr Gary Ferris
Managing Director
InterMet Resources
Tel: +61 8 8351 3381
Mob 0423 259 488
Figure 1. New gravity data showing location of three prospects on InterMet’s Lake Gilles Project
- 4 -
InterMet Resources Limited
Figure 2. Original 7km spaced gravity data for Lake Gilles project
showing two prominent gravity anomalies
- 5 -
InterMet Resources Limited
Figure 3. Regional gravity data showing location of
three prospects and proposed drill holes



Exploration Office
Ground Level
11A Croydon Road
KESWICK SA 5035
Tel: +61 8 8351 3388
Fax: +61 8 8375 3999
InterMet Resources Limited
[email protected]
[email protected]
ACN 112 291 960
www.intermetresources.com.au
Registered Office
Level 41 Australia Square
264-278 George Street
SYDNEY NSW 2000
Tel: +61 2 8221 0404
Fax: +61 2 8221 0407
Friday, 22 September 2006
Silver Swan Group Joint Ventures – Cocata and Watson Projects
InterMet increases exploration impetus
InterMet Resource’s (ASX:ITT) is pleased to announce it has executed two joint
venture agreements with Silver Swan Group Limited for exploration excluding
uranium over two of InterMet’s projects within the highly prospective Gawler Craton.
Under the joint ventures announced today Silver Swan can earn up to an 80%
interest in the Cocata (EL3462 and 3463) and Watson (EL 3313 and 3323) Projects
from InterMet by spending $1M within four years on non-uranium exploration. Silver
Swan may withdraw at any time after an initial appraisal period provided it has
expended at least $50,000 on each project. The joint ventures are subject to
ministerial consent being granted to the agreements and the Australian Stock
Exchange Limited granting Silver Swan approval for admission to its official list.
Under the joint ventures, Silver Swan can explore for all minerals with the exception
of palaeochannel hosted uranium and unconformity-related uranium mineralisation
on the Central Gawler Craton Project and all minerals except uranium on the
Nullarbor Project.
InterMet recently announced it has also signed a joint venture with Uranium Equities
Limited (ASX:UEQ) for the Cocata Project on the central Gawler Craton. Managing
Director, Gary Ferris said “having two separate joint ventures for different minerals
over Cocata maximises the potential for a discovery”.
InterMet is currently exploring for palaeochannel hosted uranium at Watson with the
first drilling program returning anomalous uranium within groundwater samples. A
water sample from hole EWB019 (100m) returned a value of 602 ppb U, which is
considered very significant and may represent a pathfinder to a potential mineralised
zone within the ancient river system. The second six hole was completed yesterday
and water and drill hole samples will be submitted for laboratory analyses next week,
with results expected in 2-3 weeks.
Many of the drill holes from the first drilling program at Watson intersected basement
rocks below the channel with five holes intersecting mafic lithologies which may be
perspective for nickel. Garnetiferous gneisses crop out along the shores of Lake
Ifould nearby and represent a sequence of rocks the same age as the host rocks of
the Challenger Gold Mine, located approximately 100 km to the northeast but within
the same tectonic domain. No focused exploration for gold has been undertaken
within the project area.
- 2 -
InterMet Resources Limited
Mr Ferris said “the joint ventures with Silver Swan are mutually beneficial agreements
that allow InterMet to explore for palaeochannel hosted uranium and unconformityrelated
uranium mineralisation within these project areas, whilst allowing Silver Swan
to explore prospective basement terrains within the highly sought after Gawler Craton
for non-uranium minerals”.
The information in this report that relates to Exploration Results is based on information compiled by
Mr. Gary Ferris, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Ferris is
the Managing Director of InterMet Resources and has sufficient relevant experience to qualify as a
Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Mr Gary Ferris consents to the inclusion
in the report of the matters based on his information in the form and context in which it appears.
For further information, contact:
Mr Gary Ferris
Managing Director
InterMet Resources
Tel: +61 8 8351 3381
Mob 0423 259 488
Location of InterMet Resources Projects highlighting
projects joint ventured with Silver Swan Group



New Exploration Joint Venture in highly prospective Gawler Craton, South Australia
Highlights
A Joint Venture was announced today whereby Uranium Equities Limited can earn up to 80% interest in 2 large South Australian Exploration Licenses prospective for uranium.
The project emphasis will be on uranium in Tertiary palaeochannels which are widespread in the region. Prospective host rocks have been intercepted in drilling by previously explorers and high uranium source rocks are located nearby.
Exploration will also focus on unconformity-style uranium mineralization which is viewed as a potential uranium target in the region.
The Company advises that this announcement is not the announcement that will remove the trading halt requested by the Company earlier today.
-
Capital Structure
Listed Capital
- ordinary shares 133.3M
Unlisted Capital
- performance shares 14.4M
- options 18.0M
Uranium Equities Limited
(ABN 74 009 799 553)
Adelaide Office: Perth Office:
Level 6 West Level 2 50 Grenfell Street 1292 Hay Street Adelaide West Perth South Australia 5000 Western Australia 6005
t: +618 8110 0700 t: +61 8 9322 3990 f: +618 8110 0777 f: +61 8 9322 5800 w: www.uel.com.au e: [email protected]
Contact: Mark Chalmers, Managing Director 0417 861 482
David Brunt , Executive Director 0419 848 713
1
Uranium Equities Limited is pleased to advise that it has concluded a joint venture agreement with Intermet Resources Limited whereby Uranium Equities can earn an 80% interest in the Cocata Project (ELs 3462 and 3463). These titles are located to the south of known areas of uraniferous Tertiary palaeochannels on the Gawler Craton prospective for palaeochannel uranium deposits and in close proximity to uraniferous granitic source rocks.
Uranium Equities can earn up to 80% interest from Intermet by spending $2.0million on exploration within 5 years. Uranium equities can withdraw at any time after and initial appraisal period and after expenditure of at least $175,000 and having met the expenditure conditions of the licenses.
The Cocata Uranium Project area was explored during the early 1980’s by Carpentaria Exploration Company Pty Limited with limited drilling across the northern part of the project area. The holes intersected a Tertiary sequence of prospective host sands with interlayer lignites/carbonaceous sediments up to 80 metres thick. Recently, anomalous uranium has been reported from nearby tenements, thereby increasing the prospectivity of the palaeochannel within the Cocata Project area. Exploration by Uranium Equities will use new and advanced technologies for uranium exploration within an area that has not received modern systematic exploration for uranium.
Exploration will also focus on unconformity-style uranium mineralization at the base of the Mesoproterozoic (Blue Range Beds). No examples of unconformity-style uranium are yet known from the Gawler Craton, however recently, PIRSA have upgraded the prospectivity of this region for this style of mineralization. Application of similar geophysical methods as those used in the Athabasca Basin (Canada) for unconformity-related uranium will be considered by the Company for application in the Cocota Project.
Figure 1: Uranium Equities Limited joint Venture with InterMet Resources Limited – palaeochannel uranium targets in proximity to uraniferous granites superimposed over Google Earth aerial photography. i
2
3
Uranium Equities is a specialist uranium company with the knowledge, expertise and industry relationships to establish a major uranium business. It is built around specialist uranium staff with a recent, successful, track record in uranium discovery and production. It currently has 26 uranium exploration projects in three states and in the NT and a claim to 50% of Mulga Rock uranium-polymetallic deposit in Western Australia.
Details of these and other exploration projects can be found on our Website www.uel.com.au
MARK CHALMERS
Managing Director
i The information in this report that relates to Exploration Results is based on information compiled by Mr David Brunt, a Director and full-time employee of Uranium Equities Limited, who is a Fellow of the Australasian Institute of Mining and Metallurgy Inc. Mr Brunt has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here.


Friday, 25 August 2006
InterMet launches secondary uranium drilling programme at Watson project, South Australia
Potential rollfront uranium zones targeted
InterMet Resources (ASX:ITT) is pleased to announce commencement of a second six hole drilling programme focussing on its rollfront uranium targets at the company’s 100% owned Watson project, located in the highly prospective Gawler Craton region, South Australia.
InterMet Resources Managing Director, Mr Gary Ferris said, “given previous drilling has already identified the presence of anomalous uranium at Watson with best results including 70ppm uranium in drill cuttings and up to 602 ug/l in water samples, the second round of drilling will focus on further testing the extent of uranium anomalism on the Watson tenement”.
The second six hole drilling programme will target potential rollfront uranium zones with holes drilled to basement on 1Km centres.
Analysis of existing HositEM and assay results from this second drill programme are expected to be available towards the end of September 2006.
“We consider our tenement area acts as a natural trap for uranium due to the fact it is being transported within oxidised groundwater through thick sequences of sands and interlayered organic rich carbonaceous material. “Essentially Watson has the right geological settings for a rollfront uranium system” added Mr Ferris.
Best drilling results received to date at Watson include;
:
Drill Hole
Sample Type
Depth (m)
U
Th
EWB004
Cuttings (sand)
24-26
34 ppm*
12 ppm*
EWB005
Cuttings
28-30
20 ppm*
14 ppm*
EWB015
Cuttings
76-78
32 ppm*
14 ppm*
EWB017
Cuttings
52-54
70 ppm*
12 ppm*
EWB017
Cuttings
54-56
42 ppm*
14 ppm*
EWB019
Water
100
602 ug/l**
6.5 ug/l**
*Assay by XRF – Amdel code XRF 1
** Amdel code WAT3M
* Initial results from previous analysis as reported to the ASX on 2th July 2006
Intermet Resources also has an extensive tenement holding on the Eyre Peninsula with good potential for hosting roll front uranium deposits.
The information in this report that relates to Exploration Results is based on information compiled by Mr. Gary Ferris, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Ferris is the Managing Director of InterMet Resources and has sufficient relevant experience to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Gary Ferris consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For further information, contact:
Mr Gary Ferris
Managing Director
InterMet Resources
Tel: +61 8 8351 3381
Mob 0423 259 488


Exploration Office
Ground Level
11A Croydon Road
KESWICK SA 5035
Tel: +61 8 8351 3388
Fax: +61 8 8375 3999
InterMet Resources Limited
[email protected]
[email protected]
ACN 112 291 960
www.intermetresources.com.au
Registered Office
Level 41 Australia Square
264-278 George Street
SYDNEY NSW 2000
Tel: +61 2 8221 0404
Fax: +61 2 8221 0407
Wednesday, 2 August 2006
Significant Laboratory Results Confirm Anomalous Uranium
Within Groundwater at InterMet’s Watson Project
Anomalous Uranium Identified in Samples from Palaeochannel Drilling
InterMet Resources (ASX:ITT) is pleased to announce results from the second round of
water sample and drill hole analysis that have confirmed the presence of anomalous
uranium within groundwater at InterMet’s 100% owned Watson tenement, located on the
western Gawler Craton, South Australia.
Following previous results from the company’s maiden 20 hole drilling program
(consisting of 1,327 metres at depths ranging from 22 to 100 metres) revealing
anomalous uranium up to 244 ug/l from water samples (Hole EWB017), an additional 2
water samples and 44 drill hole samples (cuttings) were submitted for further analysis.
Results have confirmed increasing uranium values, indicating the transportation of
uranium throughout the palaeochannel (ancient river system) at depths up to 100
metres.
Best results received include:
Drill Hole Sample Type Depth (m) Uranium Thorium
EWB004 Cuttings (sand) 24-26 34 ppm* 12 ppm*
EWB005 Cuttings 28-30 20 ppm* 14 ppm*
EWB015 Cuttings 76-78 32 ppm* 14 ppm*
EWB017 Cuttings 52-54 70 ppm* 12 ppm*
EWB017 Cuttings 54-56 42 ppm* 14 ppm*
EWB019 Water 100 602 ug/l** 6.5 ug/l**
* Assay by XRF – Amdel code XRF 1
** Amdel code WAT3M
InterMet Resources Managing Director, Mr Gary Ferris, said today “exploration at
Watson is rapidly advancing with the new results confirming our confidence in the
project. From the recent EM survey identifying the existing palaeochannel, to lab results
confirming the transportation of uranium throughout this system, the next phase will be to
isolate where the uranium within solution is being deposited”.
The additional samples confirm that the palaeochannel does contain uranium and
potential uranium trap sites are possibly located to the southwest of the current drilling.
- 2 -
InterMet Resources Limited
InterMet has a number of other tenements on Eyre Peninsula with good potential for
rollfront uranium in palaeochannel systems. The company recently acquired a strategic
holding of land with rollfront uranium potential when it applied for a large area contiguous
with its Coulta Project. InterMet also holds a significant part of the Yaninee
Palaeochannel (Cocata Project) where Toro Energy recently reported anomalous
uranium.
The information in this report that relates to Exploration Results is based on information compiled by
Mr. Gary Ferris, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Ferris is
the Managing Director of InterMet Resources and has sufficient experience to qualify as a Competent
Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’.
For further information, contact:
Mr Gary Ferris
Managing Director
InterMet Resources
Tel: +61 8 8351 3381
Mob 0423 259 488
Location of drill holes at Watson Project