Having updated the market on visible gold identified in hole UGA-30 at its 100%-owned Sturec gold mine in Slovakia late March, MetalsTech (ASX: MTC) today provided greater clarity on its Phase II diamond drilling program.
During detailed geological logging and sampling, visible gold at 29.6m and 72.8m has been identified within quartz filled vein/stockwork/breccia zones.
Management notes that zones identified are variably rich in fine to very fine-grained sulphides and hosted within variably argillic altered and brecciated andesite host rock from around 0m to 91.5m down hole in the drill core from hole UGA-33.
The visible gold at 29.6m is present as a single, up to 0.3mm sized aggregate of VG within a 1-2cm wide, white drusy quartz veinlet also containing fine-grained disseminated pyrite-marcasite crystals.
Management notes visual observations and estimates - with regard to any visible gold observed in UGA-33 – are uncertain in nature and should not be taken as a substitute for appropriate lab analysis.
The company expects to update on UGA-33 in the next few weeks.
UGA-33 - stopped to a depth of 109.2 – was positioned as an infill drill hole below recently drilled UGA-30 and above UGA-03, which intersected a thick mineralised zone of 59m at 2.3g/t Au and 9.4 g/t from 225m including:
MetalsTech six month share price chart.
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