- MetalsTech (MTC) reports fresh “high-grade” gold hits from second-phase drilling within its Sturec gold mine in Slovakia
- The company completed drilling at Drill Chamber III to increase its confidence in the southern extent of the mineral resource and at Drill Chamber IV to focus on extending the mineralisation to the south
- All three holes encountered variably altered and brecciated host rock with quartz-filled vein, stockwork and breccia, as well as fine- to very fine-grained sulphides
- The highest-grade result comes from hole UGA-46, which intersected up to 43.6 grams per tonne (g/t) gold and 61.4 g/t silver
- Shares in MetalsTech are up 3.7 per cent to trade at 42 cents at 3:27 pm AEDT
MetalsTech (MTC) has reported fresh “high-grade” gold hits from second-phase drilling within its Sturec gold mine in Slovakia.
The results come from three holes — UGA-45, UGA-46, and UGA-52 — drilled across Drill Chambers III and IV in the project area.
Drilling at Drill Chamber III was designed to increase the company’s confidence in the southern extent of Sturec’s mineral resource as well as potentially extend the mineralisation at depth.
Meanwhile, drilling at Drill Chamber IV focused on extending the mineralisation to the south, particularly down plunge.
UGA-45
Hole UGA-45 was drilled to a depth of 110.6 metres and intersected around 82 metres of variably altered and brecciated host rock with quartz-filled vein, stockwork and breccia, as well as fine- to very fine-grained sulphides.
Results include 77 metres at 1.49 g/t gold and 11.6 g/t silver from five metres, including four metres at 9.21 g/t gold and 30.8 g/t silver from 58 metres.
UGA-46
Hole UGA-46 was drilled to a depth of 179.3 metres and was the final hole completed in Drill Chamber III.
It intersected roughly 131 metres of variably altered and brecciated host rock with differing amounts of quartz-filled vein, stockwork and breccia.
This hole intersected up to 43.6 grams per tonne (g/t) gold and 61.4 g/t silver.
UGA-52
Hole UGA-52 intersected 54.7 metres of variably altered and brecciated host rock rich in fine- to very fine-grained sulphides from 85 to 139.7 metres.
Drilling intersected up to 5.21 g/t gold and 9.1 g/t silver.
Shares in MetalsTech were up 3.7 per cent to trade at 42 cents at 3:27 pm AEDT.