THE DRILL SERGEANT: NTM Gold (ASX: NTM) has recently completed a round of RC drilling at the Hub prospect at the company’s 100 per cent-owned Redcliffe gold project located near Leonora in Western Australia.
NTM Gold is carrying out the drilling to test northern and southern extensions as well as shallow grade continuity.
The first holes of the program tested shallow mineralisation and returned excellent grades close to surface.
These holes also targeted the up-dip mineralisation to test the grade continuity close to surface.
Better results from the initial five-metre composite samples include:
15 metres at 8.5 grams per tonne gold from 25m;
25m at 5.4g/t gold from 20m, including 5m at 20.3g/t gold;
15m at 4.9g/t gold from 20m, including 10m at 6.6g/t gold; and
10m at 4.1g/t gold from 25m, including 5m at 6.8g/t gold.
Two holes testing deeper grade continuity returned positive results from initial five-metre composites, including:
10m at 4.5g/t gold from 135m; and
10m at 2.6g/t gold from 105m.
The results are from the first eight of a planned 37 RC hole program the company expects to continue until Christmas.
NYM indicated that on completion of the shallower holes, RC drilling will next focus on a number of diamond pre-collars, before moving to extensional drilling along strike.
Diamond drilling has also commenced and is testing for deeper extensions to the gold mineralisation and will also provide valuable geological information.
“These shallow RC results highlight the substantial value of Hub with exceptional grades close to surface,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.
“Hub has continued to grow with each program and we are optimistic this continues with the current program.
“RC and diamond drilling remains ongoing with more results due in the following weeks after completion of the pre-collars.”