- GTI Resources (GTR) has received positivity results from recently completed aircore drilling at its Niagara Gold Project in WA
- Drilling tested six of the eight gold-in-soil anomalies and discovered quartz veining in a number of holes as well as occasional pyrite and silification
- Once the results are analysed, GTI Resources will assess the relationship between the geochemical anomalies and the quartz veining
- Initial gold analysis is expected in mid to late October and multi-element geochemistry results soon after that
- GTI Resources is down 2.27 per cent on the market and shares are trading for 2.2 cents
GTI Resources (GTR) has received strong results from a recently completed aircore drilling program at its Niagara Gold Project in WA.
Drilling tested six of the eight significant gold-in-soil anomalies within exploration licence E40/342.
GTI has confirmed work was completed ahead of schedule with 52 holes completed for 2321 metres.
Drilling at these anomalies intersected quartz veining in a number of holes as well as pyrite selvages (zone of altered rock) and silification.
Once results have been received and analysed, GTI Resources will assess the relationship between the geochemical anomalies and the intersection of quartz veining.
The drilling is also providing information on the lithology and structure within the drilled areas.
Initial gold analysis is expected in mid to late October and multi-element geochemistry results soon after that.
Following results, a reverse circulation rig will begin testing bedrock targets with work set to begin in late October.
GTI Resources is down 2.27 per cent on the market and shares are trading for 2.2 cents each at 1:23 pm AEST.