ASX-listed MetalsTech (ASX:MTC) reports it has intercepted ‘extensive’ zones of continuous ‘high-grade’ gold (Au) mineralisation following a phase two diamond drilling (DD) campaign at the Drill Chamber III, as part of its 100% owned Sturec Gold Mine in Slovakia.
The results, generated by the 2 final drillholes (UGA-45 and 46) of the DD campaign, indicate the presence of thick, continuous mineralised zones within both drillholes, as well as potentially deliver a ‘significant’ increase in the Au grade within specific zones.
Key intercepts include, 113m at 1.16g/t Au and 17.4g/t silver (Ag) from 0m, including 1m at 43.6g/t Au and 61.4g/t Ag from 127m, and; 77m at 1.49g/t Au and 11.6g/t Ag from 5m, including 4m at 9.21g/t Au and 30.8g/t Ag from 58m.
The recently completed DD campaign within Drill Chamber III was designed to increase the confidence of the southern extent of the existing Sturec Mineral Resource, as well as potentially extend the mineralisation within the existing resource at depth.
MetalsTech also notes the completion of the DD campaign within Drill Chamber III triggered the commencement of drilling within Drill Chamber IV, which has already returned results from drillhole UGA-52.
Drillhole UGA-52 was also successful in intersecting a thick, continuous mineralised zone of Au mineralisation returning 54m at 0.72g/t Au and 4.1g/t Ag from 85m, including 3m at 5.21g/t Au and 7.7g/t Ag from 85m.
These results delivered from UGA-52 also indicate that the mineralisation dips steeper than is currently modelled and is expected to be addressed within the next iteration of the Sturec Mineral Resource Estimation (MRE).
In addition, current drilling within Drill Chamber IV has been undertaken to potentially extend the mineralisation within the Sturec Mineral Resource to the south, especially down dip/plunge.
MetalsTech’s Sturec Gold Mine is located between the town of Kermnica and the village of Lucky about 17km west of central Slovakia’s largest city, Banska Bystrica. The project has historically produced over 1.5Moz Au and 6.7Moz Ag worth more than US$2 billion and currently boasts a JORC 2012 Mineral Resource Estimate (MRE) of 21.2Mt at 1.50g/t Au and 11.6g/t Ag, containing 1.026Moz of Au and 7.94Moz of Ag. MetalsTech currently owns 100% interest in all associated project tenements.
With drilling within the Drill Chamber IV still ongoing, MetalsTech announces it has moved forward with surface drilling at the project to test the depth extent of some of the highest grade areas of the Sturec Mineral Resource.
Images: MetalsTech Ltd & iStock
