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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Redcliffe Gold | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2018: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Redcliffe Gold deposit at the Redcliffe Gold project. Drilling results incl. 3m @ 5.24g/t Au from 235.0m. Emerging Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the | |
| 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 announce 5m composite assays from the recently completed reverse circulation (RC) drilling at its Redcliffe Project located near Leonora, Western Australia. The RC drilling is the first drill campaign in the Company’s new exploration strategy, targeting new discoveries as well as extending the mineralisation at existing deposits. NTM completed 18 RC holes for 3,130m. The program tested a number of targets including Bindy North, Redcliffe, Redcliffe South, Redcliffe East and Westlode. Two RC pre-collars were also completed at Nambi, with diamond tails scheduled to be drilled in late September/early October. The 5m composite samples from this drilling yielded a number of highly promising results. At Redcliffe and Westlode, the drilling has extended the known mineralisation at depth and remains open. Initial testing of Tier 1 exploration targets highlighted potentially new mineralized zones at Redcliffe East and Redcliffe South, both of which require follow up drilling. Some of the most promising results included NTM Gold Managing Director Andrew Muir commented: “Our first drilling program as part of the focus on exploration and discovery has resulted in some very promising gold intercepts, particularly at a number of new prospects. These results, from the initial 5m composite samples, highlight the potential for the delineation of new mineralisation as well as extensions to a number of our existing deposits. These results will be refined with the completion of 1m resamples. The next stage in our exploration will be a significant aircore program that will assess a large number of new and exciting targets across Redcliffe. Larges areas of Redcliffe remain untested highlighting the significant potential we have to further add to NTM’s 538,000oz resource base (See Appendix I).” | |
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