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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2019: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Hub deposit at the Redcliffe Gold project. Drilling results incl. 30m @ 2.28g/t Au from 155.0m. NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to provide an expl | |
| Resources: | (Resource, I+I): 12.525Mt @ 1.34g/t Au for 537Koz Au contained | |
| CP/QP: | [Overall Report]: Lyle Thorne (Internal) | |
| ABSTRACT: | NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to provide an exploration update for the Redcliffe Gold Project located near Leonora, Western Australia. The first reverse circulation (RC) drill results from the Hub Prospect have delivered outstanding grades, demonstrating the potential of the prospect. The drilling targeted the discovery traverse to replicate the initial shallow results from the previously announced aircore program, test the mineralisation at depth and along the interpreted strike. The 5m RC composite samples have been returned, yielding some excellent results, confirming the aircore results, as well as highlighting that the mineralisation continues at depth. Better results include (5m composites) Based on the results to date, the gold mineralisation appears to be steeply dipping and of similar orientation seen in NTM’s other Redcliffe deposits. Mineralisation was intersected in all three holes in the main drill traverse (18RRC001 – 003) though continuity appears to be impacted by the presence of a mafic dyke. Hole 18RRC004, 50m south of 1RRC003 only had a modest intercept, which may also be because of the presence of the mafic dyke. Based on the drilling to date, the dyke appears to be discordant to the main Redcliffe trend and unmineralised. The dyke is undeformed and is currently interpreted as post mineralisation. NTM Gold Managing Director Andrew Muir commented: “While we were unable to drill as many holes as we had planned, those that were completed highlighted the significant potential of the Hub prospect. The results confirmed that the mineralisation extends at depth, with good grades and widths encountered at over 250m downhole. More drilling is required to understand the strike and depth of the mineralisation, as well as the geometry and influence the mafic dyke may have on the mineralisation. We are due to recommence RC drilling at the Hub shortly, with drilling to then move to a number of other areas including Infinity, Nambi, Bindy, GTS and Redcliffe. NTM also plans to recommence aircore drilling later this quarter to delineate additional targets for RC drilling | |
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