Goldfields explorer NTM Gold Ltd (ASX: NTM) says it has received exceptional aircore drilling results from Hub prospect within the Redcliffe Project located near Leonora. The Hub drilling is part of a larger campaign testing a number of targets, with the majority of the program testing potential northern extensions to NTM’s 2018 Hub discovery.
Goldfields explorer NTM Gold Ltd (ASX: NTM) (“NTM” or “the Company”) is pleased to announce exceptional aircore drilling results from Hub prospect within the Redcliffe Project located near Leonora, Western Australia. The Hub drilling is part of a larger campaign testing a number of targets, with the majority of the program testing potential northern extensions to NTM’s 2018 Hub discovery.
HIGHLIGHTS
· First aircore holes to the north of Hub intersect exceptional gold grades including:
· 10m @ 23.3 g/t Au from 55m – with visible gold at 59m & 62m,
· 10m @ 9.0 g/t Au from 65m,
· 2m @ 3.1 g/t Au from 25m to EOH, and
· 5m @ 2.9 g/t from 75m.
· The drilling tested the 800m gap north of the Hub prospect, defining mineralisation over +500m of strike and still open to the north
· Aircore drilling is ongoing with infill lines at Hub underway
NTM completed 65 aircore holes to the north of Hub for 4,785m of the c.8,000m program. Other areas being tested include Nambi North and Aliso. The assay results from the northern Hub drilling are exceptional, and demonstrate the potential for the Hub prospect to host significant mineralisation.
This latest drilling has defined a mineralised corridor north of the original Hub mineralised zone of at least 500m length and still open to the north. This is in addition to the +300m of strike of the original Hub discovery in 2018, south of the ultramafic dyke, which remains open to the south. Two follow-up infill aircore lines are currently underway between several of the first pass 200m spaced lines to better define the mineralised zone, with results due in the next few weeks.
NTM Gold Managing Director Andrew Muir commented: “The results from testing the northern extensions of Hub has delivered some remarkable results, demonstrating that the Hub mineralisation continues for at least another 500m and remains open, growing the Hub footprint substantially.
“Infill aircore drilling is underway, with deeper follow-up RC drilling planned for May. The RC will give crucial information to the extent of the mineralisation, and 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.”
