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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Nambi, Golden Terrace South, Bindy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-1-2018: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Nambi, Golden Terrace South, Bindy deposit at the Redcliffe Gold project. Drilling results incl. 30m @ 1.92g/t Au from 155m. Emerging Goldfields explorer NTM Gold Limited (AS | |
| Resources: | (Resource, I+I): 5.48Mt @ 1.57g/t Au for 278.1Koz contained at project | |
| CP/QP: | [Overall Report]: Rodney Foster (Internal) | |
| ABSTRACT: | Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has received further composite and single metre RC drilling results from the December exploration programme at it’s 100% owned Redcliffe Gold Project. With the full set of results from Nambi and Golden Terrace South now received by NTM, the Company will engage independent consultants to update the resource estimate. High-grade results continued to be received from the Nambi deposit and the southern continuation of the Golden Terrace South (GTS) deposit. Additionally, further encouraging results were returned from early stage drilling at Bindy and KT-1, two new regional discoveries made by the Company during 2017. All mineralised zones remain open at depth and along strike with the next round of drilling set to commence later this month. Results received to date include: A total of 10 holes for 1992m targeted the three mineralised lodes; Main, E1 and E2. The Main Lode was at the centre of historic open pit mining (1990s) to depths of about 60m over some 400m of strike. Little attention was previously paid to the E1 or E2 lodes and were only lightly tested. | |
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