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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2019: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Hub deposit at the Redcliffe Gold project. Drilling results incl. 7m @ 5.6g/t Au from 175m. NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to provide an update | |
| 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. The Company has completed a 125 hole aircore program, which has identified a number of new anomalous gold trends to the north and south of Hub. Some of these new trends are over 800m long with a number of +0.5g/t intercepts in 5m composite samples and may represent strike extensions of the current Hub mineralisation. Gold anomalism associated with Hub can now be traced for over 3km. Following the recently completed RC program at Hub (see ASX release 23 October 2019), the remaining 1m resamples have been received. The resamples, taken from the initial 5m composite samples, have closely aligned to the initial composite samples, but given better definition on grade distribution. In addition, the 1m samples from the holes at the very north and south of the prospect have confirmed the strike length of the mineralisation of at least 1,130m, and still open to the north and south. RC drilling has recommenced at Hub with a +5,000m program underway. This program is targeting northern, southern and depth extensions identified in the last RC program. Drilling will also test grade continuity close to surface. Furthermore, a modest diamond program is planned for December with timing dependent on rig availability. NTM Gold Managing Director Andrew Muir commented: “The RC resamples have confirmed the grades and continuity of mineralisation at Hub and continue to highlight the mineralised systems potential. With a 1,130m strike and remaining open to the north, south and at depth, Hub continues to grow with each drill program. The recent aircore program continues this theme, delivering highly encouraging results which may represent further strike extensions to Hub. These new anomalies will be followed up in the new year after the current RC program is completed.“ | |
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