- NTM Gold (NTM) has intersected further outstanding high-grade gold at the Hub prospect in Western Australia
- Gold grades ranged from 20.3 grammes per tonne to 4.9 grammes per tonne
- Diamond drilling has now begun at the area to test the depth extensions of Hub
- NTM has ended the day 3.64 per cent in the green with shares trading for 5.7 cents apiece
NTM Gold (NTM) has intersected further outstanding high-grade gold at the Hub prospect in Western Australia.
Hub is located within the Redcliffe Gold Project, 45-60 kilometres northeast of Leonora in the Eastern Goldfields region of Western Australia.
The project spans a total area of 170 square kilometres of tenure.
Reverse circulation (RC) drilling at Hub tested the northern and southern extensions with shallow grade continuity ongoing.
The first holes from the program, which tested the shallow mineralisation, have so far returned excellent grades close to surface.
Better results include 5 metres at 20.3g/t gold, 15 metres at 8.5g/t gold from 25 metres, and 5 metres at 6.8g/t gold.
These results are the first eight of a planned 37 hole program expected to continue until Christmas.
Results also highlight high-grade gold mineralisation which continues towards the surface at good widths.
The 5000-metre program is testing the north, south and depth extents of Hub as well as shallow grade continuity.
All holes were drilled in the central area of Hub and were sampled using 5-metre composites with selected results being sampled on 1-metre intervals to improve the granularity on grade distribution.
“These shallow RC results highlight the substantial value of Hub with exceptional grades close to surface,” NTM Gold Managing Director Andrew Muir commented.
“Hub has continued to grow with each program and we are optimistic this continues with the current program. RC and diamond drilling remains ongoing with more results due in the following weeks after completion of the precollars,” he added.
On completion of the shallower holes, RC drilling will next focus on a number of diamond precollars before moving to extensional drilling along strike.
Diamond drilling has already begun to test the depth and plunge extents of the Hub mineralisation as well as provide insights into the structure, geology and specific gravity of the mineralisation.
This program is expected to be completed in the next few weeks.
NTM Gold has ended the day 3.64 per cent in the green with shares trading for 5.7 cents apiece in a $32.48 million market cap.