NTM Gold Encounters Further High-Grades to Increase Hub Strike

THE DRILL SERGEANT: NTM Gold (ASX: NTM) increased the mineralised strike at the Hub prospect within the company’s 100 per cent-owned Redcliffe gold project near Leonora in Western Australia.

NTM Resources reported that drilling at Hub has confirmed grade continuity, particularly in the central part of the prospect, giving confidence to the robustness of the gold mineralisation.

The drilling also encountered mineralisation over 200 metres south of the previous southernmost intercept, extending the strike of Hub to over 1,350m.

The drilling was completed just before Christmas, testing northern and southern extensions as well as shallow grade continuity, consisting 31 RC holes and six diamond tails.

Five metre composites from the first eight holes (19RRC079 – 086) that returned exceptional grades close to surface were resampled on one-metre intervals with results confirming the tenor of the previously grades and widths.

Five metre composite samples from the remaining RC holes (19RRC087 – 110) have now been received by the company, returning a large number of high-grade results.

Of note, the diamond drilling intersected high-grade mineralisation at depth.

Diamond and RC drilling returned numerous high-grade intersections, including:

10 metres at 6 grams per tonne gold from 85m, including 5m at 9.2g/t gold (RC 5m composite);
4.1m at 8.4g/t gold from 186.4m (Diamond); and
6m at 5.1g/t gold from 323.5m, including 1m at 11.5g/t gold (Diamond).

One-metre RC resamples confirmed outstanding shallow grades and widths including:

9m at 12.5g/t gold from 33m, including 2m at 29.6g/t gold;
12m at 6.8g/t gold from 25m, including 2m at 20.7g/t gold; and
9m at 8.9g/t gold from 24m, including 2m at 14.1g/t gold.

The Hub prospect strike was extended to over 1,350m with results on southernmost RC line of:

5m at 5g/t gold from surface (RC 5m composite); and
5m at 2.1g/t gold from 65m (RC 5m composite).

“These latest results continue to demonstrate the potential of Hub with exceptional grades close to surface and a strike of over 1.3 kilometres,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.

“Hub continues to grow with each drill program and we look forward to ongoing testing with drilling to recommence in coming weeks.”


Web: www.ntmgold.com.au