METALSTECH LIMITED - Corporate Spotlight

MetalsTech making firm progress at Slovakia gold project - The Market Herald Live - July 2020

METALSTECH FAST TRACKS DRILLING AT STUREC GOLD MINE

ASX Release 13th May 2020

MetalsTech Fast Tracks Drilling 

MetalsTech Limited (ASX:MTC) has announced that it will commence drilling at its 100% owned Sturec Gold Mine in Slovakia. Up to 9 holes have been planned across two locations for up to 3,000m of diamond core drilling. The Company will take drilling equipment several hundred metres down the existing Adrej Adit, where it will orientate the rig towards what MetalsTech believes could be a significant down plunge extension of the high grade gold mineralisation zone of the mine. By drilling from underground, the Company can start drilling immediately while it waits for permits for surface drilling and it is able to reduce the total drill length required to hit the high grade zone, thereby reducing the total cost of the program. 

Drilling will focus on chasing high grade mineralisation identified in STOR 3.11 which intersected 89.0m @ 6.9g/t Au and 23.6g/t Ag from 114m to 203m; within a broader intersection of 137.3m @ 4.6g/t Au and 16.5g/t Ag from 67.7m to 205m at Sturec.

MetalsTech is currently permitting up to a further 36 diamond drill holes orientated from surface which it hopes to start drilling this quarter. These holes will attack the interpreted high grade zone from a different angle as well as test the Vratislav and Wolf Exploration target zones adjacent to the Sturec resource where high grade gold mining has occurred previously. Demonstrating the growth potential of the overall Sturec deposit is a key catalyst.

Read the full ASX Release Here