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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-12-2019: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Hub deposit at the Redcliffe Gold project. Drilling results incl. 25m @ 5.4g/t Au from 20m. 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. RC drilling at the Hub Prospect testing northern and southern extensions as well as shallow grade continuity is ongoing. The first holes from this program, which tested the shallow mineralisation up-dip on c.50m spacings, have returned excellent grades close to surface. These holes targeted the up-dip mineralisation to test the grade continuity close to surface. All results are in oxide material. The results are from the first eight of a planned 37 hole program. The RC program is expected to continue until Christmas. On completion of the shallower holes, RC drilling will next focus on a number of diamond precollars, before moving to extensional drilling along strike. Diamond drilling has also commenced and is testing for deeper extensions to the gold mineralisation and will also provide valuable geological information. NTM Gold Managing Director Andrew Muir commented: “These shallow RC results highlight the substantial value of Hub with exceptional grades close to surface. Hub has continued to grow with each program and we are optimistic this continues with the current program. RC and diamond drilling remains ongoing with more results due in the following weeks after completion of the precollars.” | |
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