Skip to content
Finance Investment, Oil Mining Resources

Intra Energy Corporation Limited (ASX: IEC) – High grade gold identified at the Maggie Hays Hill Project

Intra Energy Corporation Limited (ASX: IEC) 2 mins read

Intra Energy Corporation Limited (ASX: IEC), a leading exploration and mining company, is thrilled to announce the discovery of multiple high-grade gold assays from its recent mapping and rock sampling program at the Maggie Hays Hill Project (MHH). These significant findings mark a promising advancement in the exploration of the project, highlighting the potential for substantial gold deposits.

Exceptional Gold Assays Uncovered

The current exploration efforts have yielded remarkable gold grades from rock samples collected at quartz veins within the project area, including:

  • 15.6 g/t gold (MRK006)
  • 17.8 g/t gold (MRK009)
  • 5.4 g/t gold (MRK013)
  • 4.1 g/t gold (MRK016)
  • 4.0 g/t gold (MRK010)

These results underscore the high-grade nature of the gold mineralisation present at Maggie Hays Hill.

Discovery of Two Gold Lode Systems

The exploration team has successfully identified two distinct gold lode systems, named East and West lodes, each extending over 130 metres and trending north-south in alignment with the local stratigraphy. Notably, both lodes are open along strike and at depth, with potential extensions of approximately 300 metres in both directions. This opens up exciting opportunities for further exploration and resource definition.

Historical and Ongoing Exploration Efforts

Historical exploration, including a five-hole RC drilling program on the western side of Maggie Hays Hill, previously identified significant gold intercepts. Additionally, a historical drill hole on the eastern side intersected gold in mafic volcanic rocks, associated with disseminated sulphides and quartz.

Future Exploration Plans

Building on these promising results, Intra Energy Corporation plans to conduct infill soil sampling and detailed field mapping to delineate the scale of mineralisation further. The aim is to evaluate several historically identified gold anomalies that have yet to be explored, thereby unlocking the full potential of the Maggie Hays Hill Project.

IEC Managing Director, Ben Dunn, commented: 

“The identification of gold mineralisation at surface in outcropping quartz veins at the Maggie Hays Hill Project adds to the existing compelling lithium exploration plan to generate shareholder value. IEC intends to follow up both targets with vigour”.

About us:

Intra Energy Corporation (ASX:IEC) is an environmentally responsible, diversified mining and energy group with a core focus on battery, base and precious metals exploration to support the global decarbonisation and electrification for the clean energy future.

Contact details:

Chloe Hayes


More from this category

  • Finance Investment
  • 24/04/2024
  • 20:37
Hut 8 Corp.

Media Advisory: Hut 8 to Release Q1 2024 Results May 15

Q2 2024 results expected to be released on August 13, 2024MIAMI, April 24, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, will review first quarter results via a conference call on Wednesday May 15, 2024.Who:Analysts, media, and investors are invited to attend.What:Hut 8 executives will comment on recent corporate developments and review the Company’s financial results for the first quarter of 2024.When:Results will be shared via media release and on the Company’s website at on…

  • Finance Investment, Oil Mining Resources
  • 24/04/2024
  • 14:48
Zenith Minerals Limited (ASX:ZNC)

Zenith Minerals Limited (ASX:ZNC) Reports Strong Progress and Strategic Developments in Q1 2024

PERTH, WA, April 24, 2024 — Zenith Minerals Limited (ASX:ZNC) is pleased to announce its activities and achievements for the first quarter ending March 31, 2024, emphasising significant strides in its lithium and gold projects, alongside strategic corporate developments. Strategic Review and Investor Engagement in Lithium Sector Zenith has engaged Azure Capital to assist in a strategic review of its lithium operations, exploring potential partnerships and investments. Despite a downturn in lithium prices, which have fallen by 85% over the past year, Zenith continues to attract interest from potential strategic and financial investors, underscoring the long-term positive outlook for lithium…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 24/04/2024
  • 12:02

CIMIC increases ownership of Thiess to 60%

CIMIC Group has entered into an agreement with funds advised by Elliott Advisors (UK) Ltd (Elliott) regarding the acquisition by CIMIC of an additional…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.