Intrepid Mines Announces Porphyry Resource Model

Intrepid Mines Limited (TSX:IAU,ASX:IAU) has reported that assay results from drilling completed since January 2012 around the porphyry copper-gold zone at the Tumpangpitu prospect of the Tujuh Bukit Project in Indonesia, have been incorporated to deliver an updated resource.

Highlights of the press release include:

– New Tumpangpitu porphyry Inferred resource now stands at 1.9 billion tonnes at 0.45% copper and 0.45g/t gold (19 billion pounds of contained copper and 28 million ounces of contained gold at a 0.2% copper cut-off)

– The high grade core of 1.0 billion tonnes at 0.61% copper and 0.61g/t gold (at a 0.4% copper cut-off) is the focus of an on-going scoping study

– The new resource estimate delivers a 9% increase in copper grade (and an increase in contained copper and gold by 34% and 23% respectively) at a 0.4% copper cut-off

Click here to view full press release 

Get the Latest Copper Investing Stock Information

Get the latest information about companies associated with Copper Investing delivered directly to your inbox.

Copper - Mine Development
Copper - Prospecting and Exploration
Copper - Resource Definition/Pre Feasibility
Copper - Resource Expansion/Feasibility Study/PEA
Copper- Production/Mining
Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply