Michael Green reports that Brilliant Brumby is setting up to increase the scale of this large project. High-grade gold project at a great address. InterGroup Mining’s (IGM) project lies in the Charters Towers Gold Province in Queensland, Australia which has seen more than 20 M ozs of high-grade gold being mined. The project area contains a number of historical mines with exceptional gold grades such as: Brilliant Brumby, Surprise and Brandy Creek. Impressive exploration results at Brilliant Brumby and Surprise has led IGM being granted a mining licence (ML 100008) which is centred around these historic high-grade mines and already the company has commenced mining. Really compelling results from initial drilling.
It is only quite recently that IGM constructed an access road into the Brandy Creek area. As part of the 2018 drilling program 21 RC holes were drilled for 2203.5 m in this area to investigate the extent of the mapped historic workings and mineralised quartz veins. In the 1930’s, the old Brandy Creek mine produced gold averaging 51 g/t and drilling here by IGM for the first-time has seen grades approaching this level. Drilling results did confirm gold in quartz-vein mesothermal mineralisation, which is well-known for its high-grade deep structures which hold substantial quantities of gold.
Brandy Creek lies just 5 km away from the 2 km long Brilliant Brumby line and initial drilling results have revealed some big similarities. An expanded drilling program is planned. A mining licence is being fast tracked with Brandy Creek looking set to be developed in much the same way as Brilliant Brumby with the focus on early stage
mining and cash flow generation to limit dilution.
Already 20,000 ozs of gold resources delineated. Initial drilling intersected gold grades as high as 47 g/t. Preliminary modelling of these zones of mineralization has so far shown that Brandy Creek has approaching 1 Mt with a highly variable grade averaging 0.7g/t for approximately 20,000 ozs, which is not a bad start following the first drilling here. As with Brilliant Brumby the separate zones of mineralisation may well join up and further drilling and surface sampling programs at Brandy Creek are planned to define a maiden and expanding JORC resource.
Large gold project that keeps on growing in size. Successful initial drilling at Brandy Creek suggest it will be an important new area in addition to Brilliant Brumby and thereby increase the scale of this already large gold project. The team is seeking to determine an expanding JORC resource which will allow mining analysts to place an increasing valuation on this rapidly growing project. Truth is that this is fast shaping up to be a potentially world class gold project. Moving ahead, IGM looks likely to attract the attention of the majors which over the years have become increasingly reliant on juniors for their future projects.
Video: https://drive.google.com/file/d/1b8baVZQzRXqy3dZ-5QE82D0FvEYhs-JG/view
Original working URL: https://www.igmining.com/wp-content/uploads/2019/04/Brandy-Creek-report-08-April-2019-final.pdf
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