MetalsTech (ASX: MTC) has reported ‘bonanza’ gold grades up to 139g/t Au from ongoing Phase 2 diamond drilling at its 100%-owned Sturec Gold Mine in Slovakia.
Results from hole UGA-30 provide support for the project’s existing Mineral Resource, with gold mineralisation extending further south along strike, and remaining open at depth and down plunge.
Key grades include:
- Hole UGA-30: 103m @ 5.06g/t Au and 13.4g/t Ag from 57m (1g/t Au cut-off, downhole thickness); incl.
- 8m @ 7.16g/t Au and 11.3g/t Ag from 84m (3g/t Au cut-off, downhole thickness); and
- 19m @ 11.35g/t Au 23.9g/t Ag from 119m (3g/t Au cut-off, downhole thickness); incl.
- 2m @ 42.50g/t Au and 53.3g/t Ag from 119m (no Au cut-off, downhole thickness); and
- 1m @ 67.90g/t Au and 94.5g/t Ag from 127m (no Au cut-off, downhole thickness);
- 7m @ 23.30g/t Au and 24.0g/t Ag from 153m (3g/t Au cut-off, downhole thickness); incl.
- 1m @ 139g/t Au and 24.0g/t Ag from 154m (no Au cut-off, downhole thickness);
- Hole UGA-25: 23m @ 1.46g/t Au and 15.1g/t Ag from 104m (0.5g/t cut-off, downhole thickness); incl.
- 7m @ 2.75g/t Au and 23.3g/t Ag from 120m (1g/t Au cut-off, downhole thickness)
- Hole UGA-27: 12m @ 1.22g/t Au and 2.0g/t Ag from 139m (0.3g/t Au cut-off, downhole thickness); incl.
- 6m @ 2.09g/t Au and 2.0g/t Ag from 139m (0.5g/t Au cut-off, downhole thickness); incl.
- 2m @ 5.14g/t Au and 4.6g/t Ag from 143m (1g/t Au cut-off, downhole thickness)
The company notes that intersections do not represent true thickness, as holes were drilled at an angle to the mineralised zones due to the location of underground drill sites. Further drilling will be required for more-accurate interpretation.
“The ore body at Sturec continues to deliver impressive zones of gold mineralisation”
Addressing the results, MetalsTech Director Gino D’Anna said: “The ore body at Sturec continues to deliver impressive zones of gold mineralisation. Our drilling has grown the confidence of the existing Sturec Mineral Resource and demonstrated that the mineralisation extends further to the south along strike of the existing resource and remains open down dip/plunge.”
The company notes that holes drilled from Drill Chamber III within the Andrej Adit have all successfully returned gold mineralisation, with assay results interpreting a variety of relatively-continuous mineralised zones from surface.
Long section displaying current diamond holes from Phase II drilling, along with previous Phase I workThe 9km² Sturec Gold Mine boasts an existing JORC-2012 Mineral Resource Estimate of 21.2Mt @ 1.50g/t Au and 11.6g/t Ag, containing 1.026Moz of Gold and 7.94Moz of silver within an optimised pit shell, with a further 388kt @ 3.45g/t Au and 21.6g/t Ag containing 43koz of gold and 270koz of silver underground.
With the Phase 2 drilling campaign continuing, MetalsTech reports that it has moved forward with a ninth diamond hole in order to test continuation of gold mineralisation to the south.
Images: MetalsTech Limited
