Thick Gold Mineralisation Continues Along Strike at Sturec Gold Mine
(firmenpresse) - ** 35m (at) 3.73 g/t Au and 11.6 g/t Ag **
Highlights
- Underground diamond drilling at the Sturec Gold Mine continues to demonstrate thick continuous zones of gold mineralisation along strike from the current JORC (2012) Mineral Resource boundary
- UGA-12 intersected 81m (at) 1.90 g/t Au and 10.3 g/t Ag from 17m (0.3g/t Au cut-off, downhole thickness) including higher grade zones:
o 35m (at) 3.73 g/t Au and 11.6 g/t Ag from 63m (0.5g/t Au cut-off);
§ including 5m (at) 20.46 g/t Au and 21.0 g/t Ag from 92m (1g/t Au cut-off);
- UGA-10 intersected 60m (at) 1.03 g/t Au and 5.2 g/t Ag from 83m (0.3g/t Au cut-off, downhole thickness) including multiple higher grade zones:
o 6m (at) 1.73 g/t Au and 9.0 g/t Ag from 83m (0.5g/t Au cut-off);
o 3m (at) 1.85 g/t Au and 4.5 g/t Ag from 108m (0.5g/t Au cut-off); and
o 13m (at) 2.06 g/t Au and 6.3 g/t Ag from 123m (0.5g/t Au cut-off);
§ Including 2m (at) 5.87 g/t Au and 2.3 g/t Ag from 134m (1g/t Au cut-off);
- UGA-09 intersected 21m (at) 0.96 g/t Au and 3.6 g/t Ag from 86m (0.3g/t Au cut-off, downhole thickness) including higher grade zones:
o 7m (at) 2.24 g/t Au and 6.0 g/t Ag from 100m (0.5g/t Au cut-off);
§ Including 4m (at) 3.31 g/t Au and 9.0 g/t Ag from 103m (1g/t Au cut-off);
- UGA-07 intersected 112m (at) 0.87 g/t Au and 7.7 g/t Ag from 16m (0.3g/t Au cut-off, downhole thickness) including multiple higher grade zones:
o 24m (at) 2.28 g/t Au and 11.5 g/t Ag from 17m (0.5g/t Au cut-off);
§ including 4m (at) 10.86g/t and 36.2 g/t Ag from 34m (1g/t Au cut-off);
o 5m (at) 1.11 g/t Au and 5.2 g/t Ag from 92m (0.5g/t Au cut-off); and
o 3m (at) 1.57 g/t Au and 5.0 g/t Ag from 112m (0.5g/t Au cut-off);
- Additional sampling for UGA-08, UGA-11 and UGA-13 completed and samples currently with laboratory awaiting assay - results will be announced shortly
- Sample preparation completed for UGA-14 with samples sent to the laboratory for assay
- Drilling near completion for UGA-15 with drilling of UGA-16 soon to commence
- Second drill site to be prepared to enable additional down dip / plunge and strike extension drilling
MetalsTech Limited (ASX: MTC) (the Company or MTC) is pleased to provide stakeholders with an update on its diamond drilling program at the Companys 100% owned Sturec Gold Mine, located in Slovakia (Sturec). To date the Company has completed fourteen (14) diamond drill holes as part of the Companys maiden underground drilling program from within the Andrej Adit. The current drilling program has been designed to test for southern extensions to the high-grade plunging mineralised zone outside the existing Sturec Mineral Resource.
UGA-12: Drilling Assay Results
Drilling of UGA-12 was completed to a depth of 106m. UGA-12 was positioned above UGA-06, which intersected 70m (at) 3.43 g/t Au and 14.7 g/t Ag from 33m (as announced by MTC on the 23 November 2020).
UGA-12 intersected 81m of quartz filled vein/stockwork/breccia structures, variably rich in fine to very fine grained sulphides (mainly pyrite/marcasite) and hosted within strongly argillic altered andesite host rock from approximately 17m to 98m down hole (*not true thickness).
Assay results from UGA-12 are interpreted to show a continuous mineralised zone from 17m to 98m using a 0.3g/t Au cut-off). This intersection has greatly increased thickness of the known mineralisation zone between UGA-06 and the extents of the current Sturec Mineral Resoure.
UGA-10: Drilling Assay Results
Drilling of UGA-10 was completed to a depth of 164.5m. UGA-10 was positioned above UGA-05, which intersected 32m (at) 4.62 g/t Au and 17.5 g/t Ag from 70m (as announced by MTC on the 23 November 2020).
UGA-10 intersected 60m of quartz filled vein/stockwork/breccia structures, variably rich in fine to very fine grained sulphides (mainly pyrite/marcasite) and hosted within strongly argillic altered andesite host rock from approximately 83m to 143m down hole (*not true thickness).
Assay results from UGA-10 are interpreted to show a continuous mineralised zone from 83m to 143m using a 0.3g/t Au cut-off. This intersection has increased the strike/plunge of the known mineralisation zone to the south by at least 20m along the hangingwall of the interpreted mineralised zone and approximately 30 metres along the footwall margin from UGA-05. UGA-10 also increase the known mineralisation zone by approximately 30m down dip from UGA-05.
UGA-09: Drilling Assay Results
Drilling of UGA-09 was completed to a depth of 190.2m. UGA-09 was positioned below UGA-05, which intersected 32m (at) 4.62 g/t Au and 17.5 g/t Ag from 70m (as announced by MTC on the 23 November 2020).
UGA-09 intersected multiple zones of quartz filled vein/stockwork/breccia structures, variably rich in fine to very fine grained sulphides (mainly pyrite/marcasite) and hosted within strongly argillic altered andesite host rock from approximately 16m to 107m down hole (*not true thickness).
Assay results from UGA-09 show this drill hole intersected multiple mineralised zones from 16m to 107m down hole with the widest, most continuous mineralised zone being from 86m to 107m using a 0.3g/t Au cut-off. This intersection has increased the known mineralisation zone by approximately 20m down dip along the hangingwall and footwall margin of the interpreted mineralised from UGA-05.
UGA-07: Drilling Assay Results
Drilling of UGA-07 was completed to a depth of 130.00m. UGA-07 was positioned between UGA-04, which intersected 90m (at) 3.88 g/t Au and 13.9 g/t Ag (as announced by MTC on the 16 November 2020) and UGA-06, which intersected 70m (at) 3.43 g/t Au and 14.7 g/t Ag from 33m (as announced by MTC on the 8 December 2020).
In detail, UGA-07 was planned to intersect the interpreted mineralised zone down dip approximately 30 metres from UGA-06 along the hangingwall of the interpreted mineralised zone and approximately 70m along the footwall margin.
UGA-07 intersected 112m of quartz filled vein/stockwork/breccia structures, variably rich in fine to very fine grained sulphides (mainly pyrite/marcasite) and hosted within strongly argillic altered andesite host rock from approximately 16m to 128m down hole (*not true thickness).
Assay results from UGA-07 are interpreted to show a continuous mineralised zone from 16m to 128m using a 0.3g/t Au cut-off.
UGA-08, UGA-11 and UGA-13: Sampling Update
The Company has completed the additional sampling for UGA-08, UGA-11 and UGA-13 with all additional samples currently with the laboratory awaiting assay. The Company will release the assay results of UGA-08, UGA-11 and UGA-13 as soon as the full set of results are available.
UGA-08 was planned to intersect the interpreted mineralised zone down dip approximately 30 metres from UGA-04 (which intersected 90m (at) 3.88 g/t Au and 13.9 g/t Ag, as announced by MTC on the 16 November 2020) along the hangingwall of the interpreted mineralised zone and approximately 70 metres along the footwall margin.
UGA-11 was planned to intersect the interpreted mineralised zone interpreted mineralised zone down dip approximately 20 metres from UGA-04 (which intersected 90m (at) 3.88 g/t Au and 13.9 g/t Ag, as announced by MTC on the 16 November 2020) along the hangingwall of the interpreted mineralised zone and approximately 50 metres along the footwall margin. UGA-11s azimuth was set more to the north compared to UGA-04 and so was planned to also increase the mineralised zone along strike to the north by approximately 10 metres along the footwall margin.
UGA-13 is planned to intersect the interpreted mineralised zone along the plunge to the south of UGA-05. As announced by MTC on the 23 November 2020, UGA-05 interesected 32m (at) 4.62 g/t Au and 17.5 g/t Ag from 50m (0.3g/t Au cut-off, downhole thickness).
UGA-15: Drilling Update
Drilling at UGA-15 is currently being completed.
UGA-15 is positioned between UGA-12 (assays pending) and UGA-03, which intersected 59m (at) 2.3 g/t Au & 9.4 g/t Ag from 225m (as announced by MTC on the 28 October 2020). This drill hole will infill a significant gap in the newly discovered high-grade mineraslisation zone to the south of the main Sturec Mineral Resource and could potentially add confidence to future mineral resource modelling in this area.
ENDS
For further information, contact:
Russell Moran
Chairman
M +61 415 493 993
russell(at)metalstech.net
Nathan Ryan
Investor Relations
M +61 420 582 887
nathan.ryan(at)nwrcommunications.com.au
Gino DAnna
Director
M +61 400 408 878
gino(at)metalstech.net
Caution Regarding Forward-Looking Information
This document contains forward-looking statements concerning MetalsTech. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Companys actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.
Forward looking statements in this document are based on the companys beliefs, opinions and estimates of MetalsTech as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.
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Datum: 24.03.2021 - 06:17 Uhr
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