“Follow up aircore drilling at Hub intersects 10m @ 4.4 g/t gold from 55m
◼ Hub gold mineralisation extends over 1,000m of strike and remains open to north and
south and at depth
◼ RC drilling has commenced at Hub, following up previously announced aircore results of 10m @ 23.3 g/t gold from 55m and 10m @ 9.0 g/t gold from 65m
◼ Gold mineralisation associated with the Mertondale Shear extends over +30 kilometres, highlighting the prospectivity of the entire Redcliffe project with large areas yet to be effectively explored
NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company” ) is pleased to announce further encouraging results of the recent aircore drilling program completed at the Redcliffe Project located near Leonora, Western Australia.
Two infill lines confirmed a +700m mineralised trend at the northern end of Hub, as initially delineated in the first pass aircore drilling that was completed in April this year. The infill drilling intersected high-grade mineralisation of 10m @ 4.4 g/t gold, doubling the length of the high-grade mineralisation to 200m.
This high-grade mineralisation contained the exceptional first pass intersections of 10m @ 23.3 g/t from 55m and 10m @ 9.0 g/t from 65m, as announced to ASX on 16 April 2019. These higher-grades are within the +1,000m Hub mineralised trend that remains open to the north and south. RC drilling has commenced to test depth extensions. Better results from the infill drilling included:
Hub
10m @ 4.43 g/t Au from 55m, incl. 5m @ 6.25 g/t Au,
5m @ 2.24 g/t Au from 45m, and 5m @ 1.70 g/t Au from 15m.
At Aliso, the aircore drilling successfully extended the mineralisation intersected in 2018’s aircore. The latest drilling has traced the mineralisation over 500m. Aliso is an early stage prospect, located at the northern end of Redcliffe. Better results include:
Aliso
5m @ 2.85 g/t Au from 90m.
NTM Gold Managing Director Andrew Muir commented:
“The aircore drilling has continued to demonstrate the prospectivity of Redcliffe, delineating and extending gold mineralisation at two prospects. The Company is excited by the potential it sees at Hub which will be the focus for the short- to medium-term drilling campaign. With high grades, a 1 kilometre strike length and remaining open at depth, we see Hub as having the potential to add significant value to NTM....”
(20min delay)