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Metals Tech (ASX:MTC) identifies visible gold at Sturec

ASX News, Mining
ASX:MTC      MCAP $34.95M
14 April 2022 15:38 (AEST)

Metals Tech (MTC) has identified visible gold after completing geological logging and sampling at its Sturec gold mine in Slovakia.

The gold was intersected within one hole at two intervals, 29.6 metres and 72.8 metres. 

It was identified within variably argillic altered and brecciated host rock.

The hole was completed to a depth of 109.2 metres and was designed to infill previous drilling.

The previous drilling intersected a thick mineralised zone of 59 metres at 2.3 grams per tonne (g/t) of gold and 9.4 g/t of silver from 225 metres.

The company will report on the assays from the most recent drilling once received and interpreted.

Shares were trading 5.26 per cent higher at 30 cents at 2:39 pm AEDT.

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