Gold

MetalsTech identifies visible gold in UGA-33 drill core at Sturec gold mine

Thu 14 Apr 22, 2:20pm (AEST)
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Key Points

  • Visible gold at 29.6m and 72.8m has been identified within quartz filled vein/stockwork/breccia zones
  • The company expects to update on UGA-33 in the next few weeks

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.

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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.

Drill collar details

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UGA-33

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:

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MetalsTech six month share price chart.

Written By

Market Index Corporate

Market Index helps small-cap ASX listed companies connect with a large audience of Australian investors through clear and concise articles on key developments. All coverage contains factual information only and should not be interpreted as an opinion or financial advice. Consider consulting a qualified financial adviser before making an investment decision.

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