- MetalsTech (MTC) strikes high-grade gold at the Drill Chamber IV area within its Sturec gold mine in Slovakia
- Drilling in the area aimed to extend mineralisation to the south of the Sturec mineral resource, especially down-dip and down-plunge
- One of the holes returned a 37-metre hit grading 1.6 grams per tonne (g/t) gold and 8.1 g/t silver, including six metres at 6.06 g/t gold and 10.6 g/t silver
- MetalsTech said it believes the new results have the potential to increase the gold grade in their respective zones
- MTC shares are up 6.17 per cent to trade at 43 cents at 2:22 pm AEDT
MetalsTech (MTC) has struck high-grade gold at the Drill Chamber IV area within its Sturec gold mine in Slovakia as part of a phase four diamond drilling program.
Drilling in the area was designed to increase the company’s confidence in the southernmost extents of Sturec’s existing mineral resource. It also aimed to extend mineralisation to the south, especially down-dip and down-plunge.
Reported drilling results include a 37-metre-thick mineralised zone grading 1.6 grams per tonne (g/t) gold and 8.1 g/t silver from 47 metres, including six metres at 6.06 g/t gold and 10.6 g/t silver from 77 metres.
The company said the six-metre intercept was on the lower margin of Sturec’s current mineral resource and may potentially result in an increased gold grade within this zone.
The other two holes also intersected relatively continuous mineralisation, including a 36-metre hit at 0.7 g/t gold and 4.8 g/t silver and a 53-metre hit grading 0.74 g/t gold and three g/t silver.
MetalsTech is conducting surface drilling to test the depth extent of some of the highest-grade areas within the Sturec mineral resource area.
MTC shares were up 6.17 per cent to trade at 43 cents at 2:22 pm AEDT.