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MetalsTech (ASX:MTC) - Chairman, Russell Moran
Chairman, Russell Moran
Source: MetalsTech
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  • Diamond drilling at MetalsTech’s (MTC) Sturec Gold Mine in Slovakia continues to deliver high-grade results
  • The company said the underground drilling showed the thick continuous zones of gold mineralisation continues along strike from the current resource
  • MTC previously identified multiple zones of visible gold in one of the diamond drill holes, with further assays now received
  • Best results include five metres at 20.46 g/t gold and 21.6 g/t silver from 92 metres in UGA-12 and four metres at 10.86 g/t gold and 36.2 g/t silver from 34 metres in UGA-07
  • Further assay results are still outstanding for three holes, while a second drill rig is also being sent to the site to carry out additional drilling
  • MetalsTech shares are trading for 17.5 cents per share

Diamond drilling at MetalsTech’s (MTC) Sturec Gold Mine in Slovakia continues to deliver high-grade results.

The materials stock has reported more results from the underground drilling program, where 14 holes have been completed to date.

MTC said the drilling at Sturec continues to demonstrate the thick continuous zones of gold mineralisation continue along strike from the current resource boundary.

The company previously identified multiple zones of visible gold in one of the diamond drill holes, with further assays now received.

Best results from this latest round of assays include five metres at 20.46 g/t gold and 21.6 g/t silver from 92 metres in UGA-12, as well as four metres at 10.86 g/t gold and 36.2 g/t silver from 34 metres in UGA-07.

Results were also returned from hole UGA-10 and UGA-09, which was positioned above UGA-05, and both increased the known mineralised zone of the previous drill hole.

Moving forward, MetalsTech expects more results from the drilling program after carrying out the additional hole sampling.

The company also stated that a second drill site was being set up at Sturec to carry out additional down-dip and strike extension drilling.

MetalsTech shares are trading steady for 17.5 cents per share at 2:23 pm AEDT.

MTC by the numbers
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