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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Golden Terrace South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2018: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Golden Terrace South deposit at the Redcliffe Gold project. Drilling results incl. 11m @ 4.51g/t Au from 245.0m. Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: lyle Thorne (Internal) | |
| ABSTRACT: | Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce a high-grade intersection from the recently completed diamond and RC drilling at the Golden Terrace South (GTS) prospect, within the Redcliffe Project near Leonora, Western Australia. The drilling entailed one diamond tail for 168.9m and four RC holes (including the diamond pre-collar) for 912m that tested the depth extension and southerly plunge of the fresh mineralisation in both the Central and Western Zones. The diamond tail (GTRC475D) was drilled from a 150m RC pre-collar to a final depth of 318.9m. The hole targeted the depth extension of Central Zone mineralisation previously intersected in GTRC441 (16m @ 2.71 g/t; Inc, 5m @ 5.99 g/t - See ASX announcement 12 January 2018). The mineralisation was intercepted as expected, approximately 40m down dip of GTRC41, returning: NTM Gold Managing Director Andrew Muir commented: “The GTS diamond drill hole has extended mineralisation at depth, as well as improved our knowledge of the geology and mineralisation. The RC holes, while delivering modest results, have helped improve our understanding and refined targets for follow up drilling. These holes will be key inputs into the updated resource estimate for GTS, which remains on track for mid-year. “Significantly, like most of the Redcliffe deposits, GTS remains open, and NTM sees potential for the deposit to grow substantially. In addition, whilst the pending resource update will be a significant milestone, the majority of NTM’s deposits have substantial upside, offering opportunities for future resource expansions. Furthermore, there is excellent potential for new discoveries in the large areas that have had little drill testing, with a high correlation between areas that we have drilled and the presence of gold deposits.” | |
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