NTM nearly doubles gold resources

NTM Gold has reported a 94% jump in resources at its Redcliffe gold project near Leonora.

NTM nearly doubles gold resources NTM nearly doubles gold resources NTM nearly doubles gold resources NTM nearly doubles gold resources NTM nearly doubles gold resources

Drilling at Redcliffe

The indicated and inferred resource for Redcliffe now stands at 12.53 million tonnes at 1.34 grams per tonne gold for 537,900 ounces of gold, using a 0.5gpt cut-off grade.

Argonaut Securities had been forecasting a resource of 450,000-600,000oz.

The previous resource, at the same cut-off, was 5.48Mt at 1.57gpt gold for 277,600oz of gold.

The resource comprises 5.9Mt of fresh rock, 3.8Mt of transitional material and 2.8Mt of oxide material.

The resource at Nambi jumped by 165% to 138,000oz, while the Golden Terrace South (GTS) resource grew by 53% to 138,000oz.

The update also included a maiden resource of 99,000oz for the Bindy deposit, which was discovered in early 2017.

All three deposits, as well as the Kelly, Redcliffe and Westlode/...

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