Intrepid Mines Limited
(ASX:IAU) says its gold-silver project in Indonesia is advancing with the latest drill results revealing new high grade zones on the eastern edges of the target area.
A third porphyry update will be released in September.
The copper-gold miner will be required to adjust its stake in the project in the sixth year following production due to changes to regulations for mining permits in Indonesia.
In the 2011 financial year, Intrepid mines reported a net loss of $29.5 million.
