Junior explorer NTM Gold has announced that it has completed reverse circulation drilling at the Nambi gold deposit in Western Australia.
As part of the company’s Redcliffe gold project (NTM merged with Redcliffe Resources in 2016), drilling at Nambi intersected three separate high-grade gold lodes — main, E1 and E2— with results including 4 metres at 10.8 grams of gold per tonne from the main lode, 3.2 metres at 9.86 grams of gold per tonne from the E1 lode, and an impressive 4 metres at 21 grams of gold per tonne from the E2 lode.
The company believes the Nambi deposit could hold “significant depth and strike potential”; no resource drilling occurred at the site between 2009 and 2016, so current estimates are now out of date. While the main lode saw significant levels of open-pit mining in the 1990s, the E1 and E2 lodes are relatively unexplored.
“The Company is eager to continue its aggressive exploration campaign which in 2017 has resulted in over 23,000m of drilling having been completed to date, returning extremely encouraging results,” said NTM chief executive officer Rodney Foster in September.
The company also hopes to expand its Golden Terrace South, Bindy and KT prospects next year.