- MetalsTech (MTC) identifies visible gold in hole UGA-43 at its Sturec Gold Mine in Slovakia
- Hole UGA-43 was drilled under the company’s phase two diamond drilling program which is aiming to increase the confidence of the geological interpretation of Drill Chamber 2
- Visible gold was identified at 51.4 metres, measures 0.5 millimetres in size and is present as blebs within a vein containing fine-grained chalcedonic quartz-pyrite
- An update will be made in the following weeks once the core has been sampled and analysed at the laboratory
- Shares in MetalsTech are up 1.47 per cent on the market and are trading at 34.5 cents at 3:50 pm AEST
MetalsTech (MTC) has identified visible gold in hole UGA-43 at its Sturec Gold Mine in Slovakia.
Hole UGA-43 was drilled under the company’s phase two diamond drilling program and is an infill hole below UGA-30 that intersected 173.2 metres at 3.27g/t gold and 11.8g/t silver from zero metres.
The aim of this phase two program is to increase the confidence of the geological interpretation of Drill Chamber 2.
Visible gold was identified at 51.4 metres within seven to 10-centimetre quartz-pyrite/marcasite filled vein.
It measures 0.5 millimetres in size and is present as blebs within a vein containing fine-grained chalcedonic quartz-pyrite.
Drilling at hole UGA-43 was stopped due to drilling issues associated with a historical mining void encountered from 157 to 168.3 metres.
An update will be made in the following weeks once the core has been sampled and analysed at the laboratory.
Shares in MetalsTech were up 1.47 per cent on the market and were trading at 34.5 cents at 3:50 pm AEST.