- MetalsTech (MTC) identifies visible gold in drill hole UGA-41 at its Sturec gold mine in Slovakia
- The company drilled this hole as part of its phase two diamond drilling program to test the depth of the mineralised zone below the Sturec mineral resource
- MTC identified visible gold in the hole at 130.8 metres within a five-centimetre quartz-pyrite/marcasite filled vein
- Drill core is currently being sampled and will be dispatched for analysis and the company expects to provide an update in the next few weeks
- MTC shares are up 19.7 per cent to trade at 36.5 cents at 2:50 pm AEST
MetalsTech (MTC) has identified more visible gold from its phase two diamond drilling program at its Sturec gold mine in Slovakia.
This latest observation comes from hole UGA-41 which was drilled at Drill Chamber 3 to test the depth of the mineralised zone below the Sturec mineral resource.
UGA-41 was positioned below the UGA-30 hole which intersected 173.2 metres of 3.27 grams per tonne (g/t) gold and 11.8 g/t silver.
However, the hole was reportedly stopped due to drilling issues encountered at 143.5 metres to the end-of-hole depth of 144.8 metres.
When sampling UGA-41 drill core, MetalsTech identified visible gold at 130.8 metres within a five-centimetre quartz-pyrite/marcasite filled vein. The visible gold measures up to 0.2 millimetres in size.
The hole intersected roughly 143.5 metres (not true thickness) of variably argillic altered and brecciated andesite host rock that contains varying amounts of sulphides.
Drill core from the hole is currently being sampled and will be dispatched for analysis. The company expects to provide an update in the next few weeks.
MTC shares were up 19.7 per cent to trade at 36.5 cents at 2:50 pm AEST.