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NTM Gold Ltd.
Summary
| Project: | Redcliffe Gold | |
|---|---|---|
| Deposit: | Redcliffe Gold | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2018: NTM Gold Ltd. announces an Exploration/Drilling Update report for its Redcliffe Gold deposit at the Redcliffe Gold project. Drilling results incl. 7m @ 4.71g/t Au from 40.0m. 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 potential new gold discoveries from first pass aircore drilling at its Redcliffe Project located near Leonora, Western Australia. The ongoing aircore drilling is the first regional campaign undertaken this year and is a key component of the Company’s new exploration focus, testing 12 priority targets. NTM has completed 185 aircore holes for approximately 9,300m of the +20,000m program. Assays have been received for the Redcliffe East, Redcliffe South, Mesa West, Infinity and Hub prospects. All of the prospects were identified in-house, and have returned multiple significant intersections that warrant follow up drilling, many of which were +1g/t Au. Given that aircore is designed as a first pass test, these results are an excellent outcome and warrant significant follow up work. In particular, the results from the Hub prospect are exceptional including. NTM Gold Managing Director Andrew Muir commented: “Our first aircore drilling program for 2018 has resulted in some exceptional gold intercepts, particularly at the Hub prospect, which has the potential to be NTM’s newest gold discovery. In addition to the outstanding Hub grades, all prospects delivered significant first pass results, demonstrating the potential for new discoveries which could materially add to our existing +0.5Moz resource base (see Appendix I for JORC Resource Table). “We are only about halfway through our scheduled aircore drill program and I am delighted that we have managed to successfully convert a number of conceptual targets into identified areas of gold mineralisation. More targets will be tested as we continue this aircore program across the coming months”. | |
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