Published: January 8, 2016 |

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Intermin Resources has appointed ex-Phoenix Gold founder and highly regarded mining executive Jon Price as managing director effective immediately.

Price was founding managing director of Phoenix Gold and oversaw its acquisition by Evolution Mining in 2015. During his tenure, Phoenix increased its gold resource to 4.02 million ounces, including a 1.16 million ounce reserve.

Intermin is developing the 100 percent owned Teal Gold Deposit located 11 kilometers north west of Kalgoorlie and has Department of Mines and Petroleum approval to mine an oxide gold resource using open cut mining methods and transport the ore to a nearby third party treatment facility.

Exploration upside appears good at Teal as the deposit is open along strike and at depth with early estimates pointing to a potential +1 million ounce gold resource.

To the west and south of the Teal deposit, Evolution Mining is earning up to 70 percent of the Binduli North Project in staged funding by 2018 and 2020.

Another focus for Intermin is the historic Menzies Gold Project located 130 kilometers north of Kalgoorlie where there has been historic production since 1894 of 1 million ounces at 22g/t gold.

No mining has occurred since the mid to late 1990s and the target is free-milling gold in rich quartz veins and shear zones.

The appointment of Price is significant given his exploration success at Phoenix in Western Australia, lifting the resource base and market valuation.

Source: (January 4, 2016) Proactive Investors

About Intermin Resources
Intermin Resources is engaged in the exploration for and mining of gold and other mineral resources.

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