- MetalsTech (MTC) has identified multiple zones of visible gold in hole UGA-14 at the Sturec Gold Mine in Slovakia
- The visible gold was identified at 74 metres and 104 metres within quartz filled vein breccia
- The gold measures less than 0.1 millimetres in size and is present as dispersed blebs within a fine-grained chalcedonic quartz vein
- The core has already been sampled and sent to the lab with results expected to be available in the next few weeks
- MetalsTech is up 5.71 per cent on the market with shares trading at 18.5 cents
MetalsTech (MTC) has identified multiple zones of visible gold in hole UGA-14 at the Sturec Gold Mine in Slovakia.
Sturec lies 17 kilometres west of Branska Bystrica in Central Slovakia and has a JORC 2012 resource of 21.2 million tonnes at 1.5g/t gold and 11.6g/t silver.
The visible gold was identified at 74 metres and 104 metres within quartz filled vein breccia, rich in fine to very fine-grained sulphides.
The gold measures less than 0.1 millimetres in size and is present as dispersed blebs within a fine-grained chalcedonic quartz vein.
Hole UGA-14 was drilled to a depth of 165.5 metres with aims to intersect the mineralised zone along strike of hole UGA-05.
Additionally, drilling was planned to extend the mineralised zone roughly 20 metres along strike to the south of UGA-05 along the hanging wall and 70 metres along strike to the south on the foot wall.
The core has already been sampled and sent to the lab with results expected to be available in the next few weeks.
MetalsTech is currently in the process of drilling hole UGA-15, which lies between holes UGA-03 and UGA-06, where it has previously intersected up to 9.4g/t gold and 14.7g/t, respectively.
Shares in MetalsTech are up 5.71 per cent on the market and are trading at 18.5 cents at 1:39 pm AEDT.