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High-Tech Metals (ASX: HTM) has received positive results of a study into the growth opportunities at its Mt Fisher gold project in Western Australia.
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The independent geological review found that mineralisation remains open north, south and down dip, with gold hosted within a sediment unit between a basalt–ultramafic contact, which is a primary target horizon for systematic drill testing.
CEO, James Merrillees, said the company is about to commence drilling targeting resource infill and the immediate extensions to around 200m below surface.
“Our review has refined the geological model at Mt Fisher and defined clear, near-mine opportunities to grow the existing resource and extend high-grade mineralisation,” he said.
“The resource remains open in multiple directions, and our initial RC drilling program is designed to deliver meaningful resource growth by targeting extensions to known high-grade shoots and expand the mineralised footprint adjacent to the current resource.
“This represents a significant opportunity to increase the scale and development potential of Mt Fisher.”
The company is also advancing the high-grade Wagtail deposit toward development.
“We are positioning the company with a clear pathway to near-term production alongside strong resource growth potential.”
Mt Fisher, located in the northern Goldfields of WA, includes a historic mineral resource of 464,000 tonnes at 2.32 grams per tonne (g/t) for 35,000 ounces of contained gold.
The project includes granted mining leases over the historical Mt Fisher open pit and the nearby Wagtail deposit.
Mt Fisher was mined between 1987 and 1989, producing approximately 33,000 ounces of gold at an average grade of around 4.3 g/t.
High-Tech completed the acquisition of Mt Fisher from Rox Resources in late May 2025.
HTM is down 8.06% to 28.5¢. Mkt cap $32.63M.
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