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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Nambi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2018: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Nambi deposit at the Redcliffe Gold project. Drilling results incl. 0.5m @ 166g/t Au from 181.5m. Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: lyle Thorne (Internal) | |
| ABSTRACT: | Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce high-grade intersections from two recently completed diamond drill holes at the Nambi deposit, located within the Redcliffe Project near Leonora, Western Australia. The diamond holes were completed for a total of 399 metres. The drilling was aimed at infilling the mineralised lodes to gain a better understanding of the geology and structural controls of the Nambi lodes, and in particular the southern shoot. Drill hole NBRC136D targeted the southern shoot of the Main Lode, whereas NBRC137D targeted all three lodes, Main Lode, E1 and E2. All lodes were intersected, as expected, highlighting the continuity and consistency of the mineralisation. All lodes remain open down dip and the interpreted southerly plunge. The assay results and geological information will be incorporated in the pending resource update, due by mid-year. Notable intersections from the diamond drilling included: The Main Lode was intersected at between 179.8m and 188m. The Main Lode consists of a highly siliceous mylonite with 15-25% pyrrhotite and pyrite. The zone has elevated magnetic susceptibility readings, which is often associated with mineralisation. The Main Lode was sampled on nominal 0.5–1.0m intervals to geological boundaries to allow better interpretation of grade distribution. Visible gold was encountered at 182.2m as discontinuous grains controlled by the main schistosity (S1) within a 0.5- 1cm zone/’vein’. The interval with visible gold returned 0.5m @ 166g/t Au. This assay result was within a broadly anomalous zone from 178.2m to 184.7m that also included 2m @ 1.64g/t Au. A detailed breakdown of this interval is listed in the assay table in Table 1 | |
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