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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Golden Terrace South, Golden Terrace Central | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-5-2017: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Golden Terrace South, Golden Terrace Central deposit at the Redcliffe Gold project. Single metre assay results upgrade earlier 5m composites - results incl. 18m @ 2.90g/t Au f | |
| Resources: | (Resource, I+I): 5.48Mt @ 1.57g/t Au for 278100oz Au contained at Redcliffe | |
| CP/QP: | [Overall Report]: Rodney Foster (Internal) | |
| ABSTRACT: | NTM is engaged in a in an active exploration programme to build the Company’s Redcliffe Gold Project resource base. The results reported on are from the first phase of RC drilling undertaken in 2017 following on from the successful resource drilling in 2016. This phase was aimed at identification of new zones of mineralisation along the Golden Terrace trend within the Mertondale Shear Zone. Further to the announcement of 31 March 2017, ‘Potential for Further Mineralised Gold Zones Identified’, the Company is pleased to announce that it has now received the single metre assay results for the RC drilling programme. Single metre sampling has confirmed earlier results and in some cases materially upgraded these earlier five metre results, notably. 15m @ 1.90g/t upgrading to [email protected]/t. The drilling has further supported the Company’s view that the Great Western Fault, the western bounding mineralised structure of the Mertondale Shear Zone, is highly prospective for further occurrences of gold mineralised zones. Further systematic testing of prospective zones along the 30km strike length of the Mertondale Shear Zone has been initiated utilising extensive scout Aircore drilling. | |
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