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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2020: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Hub deposit at the Redcliffe Gold project. Drilling results incl. 9m @ 12.5g/t Au from 33m. NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to provide an update f | |
| Resources: | (Resource, I+I): 12.525Mt @ 1.34g/t Au for 537Koz Au contained | |
| CP/QP: | [Overall Report]: Georgina Clark (Internal) | |
| ABSTRACT: | NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to provide an update for the 100%-owned Redcliffe Gold Project located near Leonora, Western Australia. Drilling at Hub has confirmed grade continuity, particularly in the central part of the prospect, giving confidence to the robustness of the gold mineralisation. In addition, mineralisation has been intersected over 200m south of the previous southernmost intercept, extending the strike of Hub to over 1,350m. The drilling was completed just before Christmas, testing northern and southern extensions as well as shallow grade continuity. The program consisted of 31 RC holes for 4,643m and six diamond tails for 442m. The 5m composites from the first eight holes (19RRC079 – 086) returned exceptional grades close to surface (see ASX 2 December 2019). These were resampled on 1 metre intervals with results confirming the tenor of the previously grades and widths. The 5m composite samples from the remaining RC holes (19RRC087 – 110) have now been received, returning a large number of high-grade results. Additionally, the diamond drilling intersected high-grade mineralisation at depth. | |
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