Intra Energy Corporation discovers high-grade gold at Maggie Hays Hill
Melbourne, Victoria
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May 20, 2024 03:00 PM Eastern Daylight Time
Intra Energy Corporation Ltd (ASX:IEC) managing director Ben Dunn sits down with Proactive’s Jonathan Jackson to discuss the discovery of high-grade gold at the Maggie Hays Hill (MHH) Project in Western Australia’s Lake Johnston Greenstone Belt. Assay results from 11 rock chip samples collected in March and April averaged 2.56 g/t of gold, with the highest assay at 7.6 g/t. Three parallel quartz reefs, each more than 250 metres long, have been identified. IEC has also found significant gold and lithium targets through a soil sampling program. The northern anomaly spans 1,500 by 150 metres, with gold grades averaging 30 ppb, while a southern anomaly aligns with central quartz reefs, averaging 31 ppb. Dunn expressed satisfaction with the rapid progress of the exploration program, led by Todd Hibberd. The team is preparing to drill in mid-June 2024, pending the acquisition of necessary permits and heritage clearances. A heritage survey is set to begin on May 30 and drilling permits are awaiting approval from the Department of Mines, Industry Regulation, Energy and Safety (DMIRS). The MHH Project, 80% owned by IEC, is prospective for lithium, nickel and gold, and is located near the Maggie Hays and Emily Anne nickel mines. The region’s geological features and recent commercial activities highlight its potential for significant mineral discoveries.
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