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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Hub, Redcliffe East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-8-2019: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Hub, Redcliffe East deposit at the Redcliffe Gold project. Drilling results incl. 8m @ 8.8g/t Au from 72m. NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to prov | |
| 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 a drilling update at the 100%- owned Redcliffe Gold Project located near Leonora, Western Australia. Infill and extensional RC drilling at the Hub following up aircore and RC drilling, has confirmed the high-grade gold mineralisation, particularly at depths shallower than 100m. The drilling is part of a campaign to test the continuity and extent of the high-grade mineralisation at Hub. In addition, a number of holes were completed at Redcliffe East to follow up a previous RC hole which returned 14m @ 3.0g/t Au, incl. 2m @ 6.8g/t Au & 2m @ 6.0g/t Au (refer ASX announcement 18 March 2019). Results received to date are from the first seven holes of the 22 hole program. The remaining holes are expected over the coming weeks. Following this RC program, diamond drilling is scheduled to commence at the end of August with at least two diamond tails at Hub and one at Redcliffe East. The diamond drilling will provide important structural and geological insights into the high-grade mineralisation at Hub and Redcliffe East. An aggressive exploration program is under way, which has delivered drilling success across much of the Redcliffe project area. NTM's ambition is to fast-track and substantially upgrade the Redcliffe resource base. NTM Gold Managing Director Andrew Muir commented: “This latest RC drilling has continued to demonstrate the quality of the Hub prospect, with high grade gold intersections close to surface, as well as good continuity at depth. We see Hub as having outstanding potential, with mineralisation over 1,000m of strike, open at depth, and high grades close to surface.” | |
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