InterMet Resources (ASX:ITT) has taken another step towards the grant of a gold and base metal exploration permit by the Queensland Department of Natural Resources with its application being accepted by the state government.
The actual grant of EPM 17097 dubbed Eight Mile Creek is likely to happen in the next few weeks.
The tenement is a highly prized asset given its proximity to the Mt Leyshon Gold Mine, now being revived by Leyshon Resources (ASX:LRL) and the company will prepare an exploration plan in line with the grant of the permit.
The target mineralisation is that of gold and base metals play, and is in the centre of a significant mineral field. south of Charters Towers. It also lies adjacent to the Mt Leyshon mining leases, north of the Highway-Reward VMS deposits and spatially associated with numerous other gold and base metal mineral deposits.
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