Gold

MetalsTech returns further continuous ‘high-grade’ Au intersections from Sturec Gold Mine, Slovakia

ASX-listed MetalsTech (ASX:MTC) reports it has encountered further continuous ‘high-grade’ gold (Au) mineralisation following phase four of a diamond drilling (DD) program at its 100% owned Sturec Gold Mine in Slovakia. 

The results, generated by 3 diamond drillholes (UGA-49/51) conducted within the mine’s Chamber IV area, have confirmed the presence of multiple thick, continuous Au mineralised zones that have returned grades of up to 6.06g/t Au. 

Key results include, 27m at 2.0g/t Au and 9.9g/t Ag from 56m including 6m at 6.06g/t Au and 10.6g/t Ag from 77m (UGA-49), as well as 15m at 1.72g/t Au and 3.5g/t Ag from 52m including 3m at 5.53g/t Au and 7.9g/t Ag from 54m (UGA-51). 

The phase four DD program was designed to increase the confidence of the southernmost extents of the existing Sturec Mine Mineral Resource Estimate

The phase four DD program was designed to increase the confidence of the southernmost extents of the existing Sturec Mine Mineral Resource Estimate (MRE) and potentially extend the mineralisation to the south and down-dip. 

MetalsTech also notes that the deeper, ‘high-grade’ Au interval gathered from drillhole UGA-49, was taken from the lower margin of the current Sturec Mine MRE and has the potential to deliver an increase in the Au grade within that zone. 

This potential ‘significant’ increase in the Au grade in the respective zones is also supported by the current Au grade model. 

In addition, these results come following the discovery of ‘extensive’ zones of continuous, ‘high-grade’ Au mineralisation within Drill Chamber III, which returned grades of up to 43.6g/t Au, as announced by the company earlier this month.  

As of 11am AWST MetalTech’s share price has increased by 6.17%.

MetalsTech is a mineral exploration company currently focused on developing its world-class 1.5Moz Sturec underground Gold Mine in Slovakia. The mine is located between the town of Kremnica and the village of Lucky, about 17km west of central Slovakia’s largest city, Banska Bystrica and 150km northeast of the capital city of Bratislava. Historically, the mine has produced more than 1.5 million ounces of Au and about 6.7 million ounces of silver (Ag) worth more than US$2 billion in precious metal value.

With results from the 3 drillholes now received, MetalsTech announces that it remains focused on ongoing surface drilling, which has been designed to test the depth extent of some of the highest-grade areas of the mine’s MRE.

Images: MetalsTech Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.