Sign up Australia
Proactive Investors - Run By Investors For Investors

NTM Gold intersects high-grade gold at Redcliffe project in WA

The extensional drilling indicates potential for future resource expansions.
NTM Gold intersects high-grade gold at Redcliffe project in WA
Redcliffe is around 50 kilometres northeast of Leonora in the Eastern Goldfields region of WA

NTM Gold Ltd (ASX:NTM) has completed a reverse circulation (RC) drilling program at its Redcliffe Gold Project near Leonora in Western Australia.

The program consisted of 18 RC holes for 3,130 metres and 5 metre composite assays yielded promising results, indicating potentially new mineralised zones.

A number of targets were tested, including Bindy North, Westlode South, Redcliffe, Redcliffe South, and Redcliffe East.

Highlighted results include: 3 metres at 5.24 g/t gold from 235 metres at Bindy North; 5 metres at 3.10 g/t from 125 metres at Redcliffe South; 5 metres at 3.10 g/t from 65 metres at Redcliffe South; and 5 metres at 2.06 g/t from 25 metres at Westlode South.

 

NTM managing director Andrew Muir said the company’s first drilling program had resulted in some promising gold intercepts, particularly at a number of new prospects.

Muir said: “These results, from the initial 5 metre composite samples, highlight the potential for the delineation of new mineralisation as well as extensions to a number of our existing deposits.

“These results will be refined with the completion of 1 metre resamples.

“The next stage in our exploration will be a significant aircore program that will assess a large number of new and exciting targets across Redcliffe.

“Large areas of Redcliffe remain untested, highlighting the significant potential we have to further add to NTM’s 538,000-ounce resource base.”

READ: NTM Gold’s resource upgrade highlights potential of Redcliffe Gold Project

The Redcliffe project is a 170 square kilometre tenement covering the Mertondale Shear Zone, an interpreted major crustal structure important for gold mineralisation.

Exploration work has identified and delineated the Golden Terrace South and Kelly prospects in the southern section of the project, and the Redcliffe and Nambi prospects in the northern section.

NTM recently updated the indicated and inferred resource for the Redcliffe project to 12.53 million tonnes at 1.34 g/t gold for 537,900 ounces of gold.

View full NTM profile View Profile

NTM Gold Ltd Timeline

Newswire
December 13 2016

Related Articles

Picture of gold bar
March 21 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.
australian and south africa flags detailing company's projects
April 12 2018
The company is fast-tracking its application for full-scale mining rights across the WBP.
1529922110_Kibo---Sepco-III.jpg
June 25 2018
Kibo's transformation into an energy company is gathering momentum

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use