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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-5-2020: NTM Gold Ltd. announces a Resource Estimation report for its Hub deposit at the Redcliffe Gold project. Initial Mineral Resource Estimate for Hub deposit at Redcliff. NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce the m | |
| Resources: | (Resources, I+I): 13.4Mt @ 1.6g/t Au (678.7koz Au) at Redcliff | |
| CP/QP: | [Resource]: Andrew Bewsher (BM Geological Services) | |
| ABSTRACT: | NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce the maiden Inferred Mineral Resource Estimate (MRE) for Hub, located 40 kilometres north-east of Leonora, Western Australia. The MRE is 890.3kt @ 4.9 g/t Au for 140.8koz of gold using a 0.5g/t Au lower cut off (See Table 1). The MRE has been classified as Inferred according to the JORC Code 2012. The Hub MRE consists of Oxide, Transitional and Fresh material. The Oxide component contributes 43.0koz at a grade of 6.6g/t Au, Transitional 17.7koz at 4.1g/t Au and Fresh material 80.2koz at 4.5g/t Au (See Appendix I). The global MRE at the Redcliffe Gold Project is now 679koz (See Table 2). Of this, Hub and GTS Oxide and Transition material contributes 1.2Mt @ 3.0g/t Au for 120koz to the MRE (See Appendix I). The high-grades of the Oxide and Transitional from surface down to approximately 100m provide a major opportunity to capitalise on the Hub discovery as well as GTS. Hub was discovered by NTM by aircore drilling in October 2018. The MRE incorporates data from 89 reverse circulation (RC), 15 RC with diamond tails (RCD) and 3 diamond holes on nominal 50m spacings down to a depth of 360m. The Mineral Resource Estimate was undertaken by independent resource consultants’ BM Geological Services Pty Ltd (BMGS). | |
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