NTM annoucement out www. northernmanganese.com.au ASX: NTM ABN...

NTM annoucement out
www.
northernmanganese.com.au
ASX:
NTM
ABN
24 119 494 772
ASX RELEASE
12 July 2016
The Company is pleased to announce single metre results from the recently completed programme of
10 RC holes drilled at the Golden Terrace South (GTS) gold deposit. The results confirm gold contents
indicated by preliminary composite sampling and typically define higher grade zones within the broader
composite intercepts as the following selected intercepts indicate.
6m @ 6.08g/t
from 41m to 47m in GTRC 378
19m @ 3.8g/t
from 77m to 96m in GTRC 379
12m @ 16.68g/t
from 88m to 100m to EOH
Inc:
2m @ 61.7g/t
from 89m to 91m in GTRC381
11m @ 3.17g/t
from 34m to 45m
Plus
17m @ 6.45g/t
from 53m to 70m
Inc:
6m @ 11.74g/t
from 60m to 66m in GTRC382
9m @ 4.29g/t
from 56m to 65m in GTRC383
15m @ 5.78g/t
from 71m to 86m in GTRC384
12m @ 11.37g/t
from 77m to 89m
Inc:
4m @ 24.8g/t
from 78m in GTRC385
12m @ 4.59g/t
from 60m to 72m
Plus
16m @ 7.53g/t
from 75m to 91m
Within
66m @ 3.70g/t
from 60m to 126m in GTRC386
16m @ 4.98g/t
from 35m to 51m
Plus
30m @ 7.71g/t
from 75m to 105m
Inc:
3m @ 45.9g/t
from 84 to 87m
Within
44m @ 6.41g/t
from 61m to105m in GTRC387
The ten RC holes (GTRC378-387) were completed for a total of 1150 metres. The primary aim of these holes
was to more accurately define the extent, geometry, and grade distribution of critical high grade gold zones.
These zones are largely within the conceptual “phase 1 open pit” being considered to exploit the oxide/supergene
zones although several of the deeper intersections extend outside the envelope.
These results from single metre samples and geological information will be used to aid interpretation and
resource modelling for the GTS deposit and lead to a resource estimate updated to JORC 2012 compliance.
The current JORC 2004 compliant resource estimate for GTS is 90,000 ounces. (1,391,000t @ 2.02g/t, of which
707,000t @ 2.46g/t for 56,000oz is classified as Indicated and 684,000 @ 1.56g/t for 34,000oz as Inferred)
A Mining Execution plan is to be reviewed along with financial studies to incorporate the new information and
current gold price to enable decisions to be made on potential development scenarios.
Additional diamond drilling is to be conducted to test the high grade shoot for structural information and to seek
extensions at depth.
Single Metre RC Results Confirm Gold Zone
Golden Terrace South – Redcliffe Gold Projec