viewNTM Gold Ltd

NTM Gold intersects up to 23.3 g/t in latest drilling at Redcliffe project in WA

The drilling tested the 800-metre gap north of the Hub prospect, defining mineralisation over plus-500 metres of strike and it is still open to the north.

The company's shares last traded at 3.9 cents

NTM Gold Ltd (ASX:NTM) has received first aircore drilling results with intersections up to 23.3 g/t gold at its Redcliffe project near Leonora in WA.

Drilling is part of a larger campaign with the majority of the program testing potential northern extensions to the company’s 2018 Hub discovery.

NTM Gold completed 65 holes to the north of the Hub for 4,785 metres of the 8,000-metre program with the Nambi North and Aliso areas also tested.

READ: NTM Gold resumes drilling at Redcliffe project targeting several gold prospects

NTM Gold managing director Andrew Muir said: “The results from testing the northern extensions of Hub has delivered some remarkable results demonstrating that the mineralisation continues for at least another 500 metres and remains open, growing the Hub footprint substantially.

“Initial aircore drilling is underway with deeper follow-up reverse circulation drilling planned for May, which will give crucial information to the extent of the mineralisation.

"Should results be positive, the company will undertake more detailed drilling with the aim of defining an initial resource estimate towards the end of 2019.”

The assay results demonstrate the potential for the Hub prospect to host significant mineralisation.

Better results include:

  • 10 metres at 23.3 g/t from 55 metres;
  • 5 metres at 2.9 g/t from 20 meters;
  • 5 meters at 2.9 g/t from 75 metres; and
  • 10 metres at 9 g/t from 65 metres.

This latest drilling has defined a mineralised corridor north of the original Hub mineralised zone of at least 500 metres length in addition to the plus 300-metre strike length of the original Hub discovery.

Looking ahead

Two follow-up infill aircore lines are underway between several of the first pass 200-metre spaced lines to better define the mineralised zone, with results due in the next few weeks.

Following the infill drilling, the company’s plan is to undertake RC drilling on the northern mineralisation to test the depth extent and refine understanding of the grade distribution and geology.

Beyond that, a more detailed resource style drill out is scheduled in the second half of the year with a view to generating a maiden resource at Hub, which will incorporate the northern and southern components.

Quick facts: NTM Gold Ltd

Price: 0.085 AUD

Market: ASX
Market Cap: $58.13 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



AssetOwl Ltd 'reinventing the residential property inspection process'

AssetOwl Ltd's (ASX:AO1) Simon Trevisan tells Proactive's Andrew Scott their platform's designed to solve a series of economic and quality problems in residential property management - particularly around the inspection process. He says the big value driver for investors over the next 12...

2 hours, 31 minutes ago

2 min read