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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2019: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Hub deposit at the Redcliffe Gold project. Drilling results incl. 12m @ 4.55g/t Au from 40m. Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is | |
| Resources: | (Resource, I+I): 12.525Mt @ 1.34g/t Au for 537Koz Au contained | |
| CP/QP: | [Overall Report]: Lyle Thorne (Internal) | |
| ABSTRACT: | Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to provide an exploration update for the 100%-owned Redcliffe Gold Project located near Leonora, Western Australia. Composite samples from the first reverse circulation (RC) drill program at the Hub prospect have been resampled on 1m intervals, highlighting excellent grades within the original intervals. The December RC drilling targeted the Hub discovery traverse to follow up the initial shallow results from the aircore program to test the mineralisation at depth and along the interpreted strike. The 1m RC resamples have confirmed the 5m results, giving better granularity on grades and widths. Mineralisation remains open at depth and strike. Better results include (1m resamples The gold mineralisation is steeply dipping and of similar orientation to NTM’s other Redcliffe deposits. Mineralisation was intersected in all three holes in the main drill traverse (18RRC001 – 003). Continuity is impacted by a mafic dyke, with the dyke also present in 18RRC004, 50m south of 1RRC003. Future drilling will aim to test the mineralisation at strike and depth, as well as give a clearer picture on the presence of the dyke. NTM Gold Managing Director Andrew Muir commented: “The RC drilling highlighted the significant potential of the Hub prospect with good widths and grades. In addition, the mineralisation continues at depth with the deepest intersection returning 3m @ 5.18 g/t Au from 250m, including 1m @ 10.50 g/t Au. 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. Followup drilling has commenced at Hub, with drilling at other prospects to follow thereafter.” | |
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