NTM Encouraged by Hub RC Drilling

THE DRILL SERGEANT: NTM Gold (ASX: NTM) released the first reverse circulation (RC) drill results from the Hub prospect at the company’s Redcliffe gold project located near Leonora, Western Australia.

NTM Gold explained the drilling targeted the discovery traverse to replicate initial shallow results from a previously announced aircore program in order to test mineralisation at depth and along the interpreted strike.

Five-metre RC composite samples were returned, which the company said had confirmed the aircore results, as well as highlighting that the mineralisation continues at depth.

Better results included:

18RRC001
20 metres at 3.26 grams per tonne gold from 30m, including 10m at 4.88g/t gold from 40m;

18RRC002
5m at 2.16g/t gold from 155m;

18RRC003
30m at 2.28g/t gold from 155m, including 5m at 6.49g/t gold from 155m;

18RRC003
5m at 1.6g/t gold from 220m; and

18RRC003
5m at 3.2g/t gold from 255m.

NTM has interpreted the results it has received to date to show gold mineralisation appears to be steeply dipping and of similar orientation seen in its other Redcliffe deposits.

Mineralisation was intersected in all three holes in the main drill traverse (18RRC001 – 003) though continuity appears to be impacted by the presence of a mafic dyke.

“While we were unable to drill as many holes as we had planned, those that were completed highlighted the significant potential of the Hub prospect,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.

“The results confirmed that the mineralisation extends at depth, with good grades and widths encountered at over 250 metres downhole.

“More drilling is required to understand the strike and depth of the mineralisation, as well as the geometry and influence the mafic dyke may have on the mineralisation.

“We are due to recommence RC drilling at the Hub shortly, with drilling to then move to a number of other areas including Infinity, Nambi, Bindy, GTS and Redcliffe.

“NTM also plans to recommence aircore drilling later this quarter to delineate additional targets for RC drilling.”

Website: www.ntmgold.com.au