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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Nambi, Golden Terrace South, Bindy, Kelly Trend | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2017: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Nambi, Golden Terrace South, Bindy, Kelly Trend deposit at the Redcliffe Gold project. Drilling results incl. 4m @ 21.0g/t Au from 65m. The Company is pleased to announce fi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rodney Foster (Internal) | |
| ABSTRACT: | The Company is pleased to announce five metre and initial single metre assay result from the recently completed RC drill programme. A total of 31 inclined holes for 5460m were completed at NTM’s 100% owned Redcliffe Gold Project, located near Leonora in the Eastern Goldfields of Western Australia. Drilling targeted extensions to high grade lodes beneath the Nambi and GTS deposits as well as completing first pass, wide spaced RC drilling at the newly discovered Bindy Prospect. Drilling at Bindy has been initially completed on 100m spaced traverses. While the 5m composite results are extremely encouraging, they are preliminary in nature. However, they are robust and represent a significant step in demonstrating the grade and prospectivity of several areas within the Redcliffe Gold Project. The reported results have provided a significant boost to the Company’s technical team, validating their confidence in the approach being pursued. With funding provided by recent capital raising the team is now undertaking detailed planning of the next round of drilling. RC drilling is expected to commence in the next two to three weeks, and will focus on defining and extending the high grade mineralised systems at Nambi and GTS as well as further delineating regional targets. The programme will comprise approximately 5,000m of drilling to be undertaken with the support of Ausdrill and funds raised from recent placement. The Company will provide further update on this programme in the near future. Information will also be provided on results of single metre sampling when to hand. | |
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