NTM Gold Ltd (ASX: NTM) has intersected excellent grades and widths from its latest RC drilling campaign at the Hub and Gully areas, within the Redcliffe Gold Project located near Leonora, Western Australia.
The 2020 RC programme concentrated on shallow infill drilling at Hub. The programme was designed to improve mineralisation definition ahead of a resource update and development studies.
Managing Director, Andrew Muir, said the programme confirmed the continuity and dimensions, highlighting the quality of the deposit, particularly in the oxide and transition zones.
Better results include: 9m @ 20.1 g/t Au from 39m, 17m @ 10.9 g/t Au from 89m, 15m @ 6.2 g/t Au from 76m, 15m @ 5.6 g/t Au from 53m, 10m @ 9.1 g/t Au from 17m, 6m @ 14.9 g/t Au from 48m, 6m @ 14.2 g/t Au from 70m and 3m @ 21.2 g/t Au from 45m.
The program at Hub involved 70 RC holes for 6,558m, drilled on a 25m x 25m grid. Hole depths ranged from 22m to 155m. A diamond program is currently underway aiming to complete the pattern down to 150m below surface.
An additional 12 holes for 2,617m were drilled at Gully and Bindy with some encouraging results that require additional follow up. Better results include: 4m @ 4.2 g/t Au from 90m and 2m @ 2.2 g/t Au from 194m.
This RC programme has continued to affirm the quality of Hub, returning outstanding grades and widths and validating the continuity of the mineralisation near surface. The current diamond drilling will provide further insights down to 150m ahead of development assessments,” Mr Muir said.
“Whilst the current drilling is targeting near surface mineralisation, the deposit remains open at c.500m depth and has a strike of at least 1.2km. The grade and size of Hub make the deposit a key value driver for the merged group, subject to shareholder approval, capitalising on the synergies of the combined asset base.”
