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NTM Gold (ASX:NTM) - Managing Director, Andrew Muir - The Market Herald
Managing Director, Andrew Muir
Source: Hot Copper
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  • NTM Gold (NTM) has extended the mineralisation at the Gully area within the Redcliffe Gold Project in Western Australia
  • Reverse circulation drilling was recently undertaken at Gully to test the strike and depth extensions
  • Grades peaked at 15.6g/t gold and drilling also confirmed extensions of the West Lode, Redcliffe and Redcliffe East trends
  • Redcliffe is the most promising, as it measures at least 1.1 kilometres in length and follow-up drilling is required to test the potential
  • Shares in NTM Gold are steady on the market and are currently trading at 17 cents

NTM Gold (NTM) has extended the mineralisation at the Gully area within the Redcliffe Gold Project in Western Australia.

Reverse circulation (RC) drilling was undertaken at Gully in the December quarter to test the strike and depth extensions of the area.

Best results include three metres at 7g/t gold from 129 metres, including one metre at 15.6g/t gold, and two metres at 4.8g/t gold from 26 metres.

Further, this drilling confirmed extensions of the West Lode, Redcliffe and Redcliffe East trends.

Redcliffe is the most promising, as it measures at least 1.1 kilometres in length and is an extension of the historic Redcliffe open pit.

Follow-up drilling is required to test the potential of Redcliffe as it remains open to the north.

"This RC program at Gully highlighted that the mineralisation remains open along strike and has a lot of upside. Going forward, we will have the results from the final 2020 drill program, which we expect to yield some positive results," Managing Director Andrew Muir said.

"In addition, the first drilling of 2021, a diamond program focusing on Hub infill and extensions, is planned to commence in late January or early February," he added.

Shares in NTM are steady on the market and are trading at 17 cents at 1:23 pm AEDT.

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