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NTM Gold Ltd

NTM Gold increases Resource by 94%, pivots to exploration with 3-tiered approach

NTM Gold Ltd (ASX:NTM) managing director Andrew Muir speaks to Proactive Investors as news breaks that the company has grown the resource at its Redcliffe Gold Project in Western Australia by 94%, through several rounds of RC and diamond drilling.

The company's operations moving forwards will continue to focus on exploration and further growing the resource base.

Muir says, "we've just come up with over half a million ounces in resources and we see a fair bit of upside beyond that... we have quite a few development options... we're now going to switch into an exploration phase. We've got a lot of targets that we need to follow up, we're taking a three-tiered approach to it: we're going to follow up on some previous drill hits that have yet to be followed up; we'll also look at targeting some extensions to the existing resource base, particularly at depth and the higher grades; and the third tier will be targeting some conceptual targets that we've identified from our geology, which is highly prospective."

Quick facts: NTM Gold Ltd

Price: $0.04

Market: ASX
Market Cap: $22.52 m
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