NTM Gold Highlights New Gold Trends
THE DRILL SERGEANT: NTM Gold (ASX: NTM) recently completed a 125-hole aircore program at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.
NTM Gold said the drilling identified several new anomalous gold trends to the north and south of the Hub prospect, some of which have come in at over 800 metres long with a number of +0.5 grams per tonne intercepts in five metre composite samples.
NTM believes these may represent strike extensions of the current Hub mineralisation.
Gold anomalism associated with Hub can now be traced for over three kilometres.
Following a recent RC program at Hub, NTM has received the remaining 1m resamples that were taken from the initial 5m composite samples.
These have closely aligned to the initial composite samples, but given better definition on grade distribution.
Resamples of recent Hub RC 5m composites include:
3 metres at 9.8 grams per tonne gold within 7m at 5.6g/t gold from 175m;
6m at 2.4g/t gold within 14m at 1.6g/t gold from 120m; and
1m at 4.9g/t gold within 15m at 1.2g/t gold from 82m.
The company added that 1m samples from the holes at the very north and south of the prospect have confirmed the strike length of the mineralisation to be at least 1,130m, and still open to the north and south.
RC drilling has recommenced at Hub targeting northern, southern and depth extensions the company identified in its last RC program.
Drilling will also test grade continuity close to surface.
“The RC resamples have confirmed the grades and continuity of mineralisation at Hub and continue to highlight the mineralised systems potential,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.
“With a 1,130-metre strike and remaining open to the north, south and at depth, Hub continues to grow with each drill program.
“The recent aircore program continues this theme, delivering highly encouraging results which may represent further strike extensions to Hub.
“These new anomalies will be followed up in the new year after the current RC program is completed.”
Web: www.ntmgold.com.au