NTM Gold Ltd (ASX: NTM) has announced an encouraging update regarding its Redcliffe Gold Project in Western Australia.
The company reported that the drilling at Hub prospect extended strike and intersected high grades at depth, including 6.0m @ 12.9 g/t Au from 63m, incl. 3.0m @ 21.7 g/t Au; 2.0m @ 16.2 g/t Au from 21m; 6.0m @ 6.6 g/t Au, from 213m incl. 3.5m @ 9.1 g/t Au; and 0.5m @ 11.3 g/t Au from 249.5m.
NTM said that the Hub mineralisation now intersected over 1,130m of strike and open to north and south.
The company reported that the drilling at Redcliffe East prospect returned good grades and widths, including 12.0m @ 2.4 g/t Au from 93m, incl. 3.0m @ 5.1 g/t Au; and 1.0m @ 14.7 g/t Au from 185m.
NTM announced that the aircore drilling is ongoing, with the RC and diamond drilling to be resumed in November.
Redcliffe project
The company’s 100% owned Redcliffe Gold Project is located 45-60km northeast of Leonora in the Eastern Goldfields Region of Western Australia.
The Redcliffe Gold Project is a +300km2 tenement holding covering the Mertondale Shear Zone over some 40km length. The Mertondale Shear Zone is an interpreted major crustal structure important for gold mineralisation.
The company currently has a Mineral Resource Estimate of 537,862 oz of gold (12.53Mt @ 1.34g/t Au) in both the Indicated (1.75Mt @ 2.23 g/t) and Inferred (10.77Mt @ 1.19 g/t) categories.
Important prospects of Redcliffe includes Nambi, Bindy North, Redcliffe East, Infinity, GTS, Hub, Golden Terrace South, Kelly, Redcliffe South, Aliso, and Mesa West.
Drill programs at Redcliffe
NTM said that at Redcliffe project, Diamond and RC drill programs have been completed at a number of prospects, including Hub and Redcliffe East.
The company reported that three diamond tails were completed for 377m. Two tails were at Hub and one at Redcliffe East. All diamond drilling was targeted at extending the existing mineralisation and increasing the geological knowledge of the prospects.
The RC program consisted of 25 holes for 4,882m. The majority of holes were at Hub, with 17 completed for 3,424m. A further six holes were completed at Redcliffe East for 1,124m, with two holes at Barry North for 334m.
Results received
NTM said that all diamond results have been received, demonstrating grade continuity at both Hub and Redcliffe, with the core yielding important insights into the mineralisation at both deposits and returning good grades and widths.
The company said that the RC assays received to date have expanded the existing mineralisation at both Hub and Redcliffe East. NTM reported that a number of holes are yet to be resampled on one metre intervals and those results are expected over the coming weeks.
Drilling at Hub prospect
The company reported that two diamond tails, 19RRC052D & 19RRC053D were completed at Hub totaling 252m of diamond drilling; with further core drilling scheduled to commence next month.
High-grade results from Diamond Drilling
NTM said that the diamond holes returned excellent grades with results including 6m @ 6.6 g/t Au from 213m, incl. 3.5m @ 9.1 g/t Au in 19RRC053D, and 0.5m @ 11.3 g/t Au from 249.5m in 19RRC052D.
Strike extended
The company said that at Hub, the drilling returned a number of outstanding gold intercepts, continuing to demonstrate the potential of the prospect. NTM said that the mineralisation has now been extended to a strike extent of 1,130m. Significantly, the mineralisation remains open to the north and south as well as at depth.
Encouraging results from RC drilling
The company reported that better 1m resamples received from Hub prospect include 6m @ 12.9 g/t Au from 63m, incl. 3m @ 21.7 g/t Au in 19RRC061, 2m @ 16.2 g/t Au from 21m in 19RRC062, and 2m @ 3.7 g/t Au from 76m in 19RRC054.
Meanwhile, better 5m composite results received include 7m @ 5.0 g/t Au from 175m in 19RRC073, 5m @ 2.0 g/t Au from 70m in 19RRC074, 15m @ 1.8 g/t Au from 120m incl. 5m @ 2.6 g/t Au in 19RRC074, and 5m @ 1.3 g/t Au from 215m in 19RRC075.
Drilling at Redcliffe East prospect
The company reported that a single diamond tail, 19RRC051D, was completed at Redcliffe East for 125m. The diamond hole extended the mineralisation at depth, with a number of zones intersected.
High-grade DD results
NTM said that results from diamond drilling included 9.0m @ 1.9 g/t Au from 164m incl. 2.65m @ 3.0 g/t Au, 1.0m @ 14.7g/t Au from 185m, and 0.53m @ 1.9 g/t Au from 160.33m.
RC drilling at Redcliffe East
NTM reported that at Redcliffe East, six RC holes were completed. The company said that the RC drilling confirmed the broad zones of mineralisation with a number of intercepts of at least 10m downhole width. Like Hub, the mineralisation remains open to the north, south and at depth.
RC drill results
Better results from the 1m resamples of the RC drilling included 12m @ 2.4 g/t Au from 93m, incl. 3m @ 5.1 g/t Au in 19RRC064, 11m @ 1.7 g/t Au from 123m incl. 1m @ 4.8 g/t Au in 19RRC064, and 10m @ 3.1 g/t Au from 38m incl. 3m @ 5.6 g/t Au in 19RRC066.
Drilling at Barry North prospect
NTM said that two RC holes for 334m were designed to test anomalous gold from historic aircore drilling at the Barry North Prospect, approximately halfway between the Bindy and GTS deposits.
The company reported that the holes intersected low tenor supergene anomalism in oxide material.
Encouraging results
NTM said that drilling returned some encouraging results including 4m @ 1.4 g/t Au from 46m incl. 1m @ 2.7 g/t Au in 19RRC057, and 1m @ 1.2 g/t Au from 31m in 19RRC057.
NTM said that the two holes confirmed the presence of mineralisation in the immediate area and warrant follow up drilling to test for the primary source of the mineralisation at depth.
Next steps
The company said that the aircore program continues, testing the northern and southern strike extents of Hub, along with a number of other high priority targets. The results are expected over the coming weeks.
Beyond the aircore, RC and diamond drilling programs are scheduled to commence next month which is aimed at further extending Hub.
Management comments
NTM Gold Managing Director Andrew Muir said: “The recent RC and diamond programs have extended the mineralisation at both Hub and Redcliffe East, with more results due in the following weeks. Particularly pleasing is that the strike extent of Hub continues to grow.
We look forward to further drill testing of Hub in the pending RC and diamond programs scheduled for November.”
