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Goldman High-grade RC results reinforce continuity and support near-term development studies at Mt Fisher
High-Tech Metals Limited (ASX:HTM) has reported further strong assay results from recently completed infill reverse circulation (RC) drilling at its high-grade Wagtail Gold Deposit, part of the Mt Fisher–Mt Eureka Project portfolio in Western Australia.
The new results continue to confirm grade continuity within the existing JORC (2012) Mineral Resource of 63kt @ 7.11g/t Au for 14.6koz and highlight the potential for high-grade mineralisation to persist at depth.
Standout high-grade intercepts
Drilling intersected multiple shallow, high-grade zones, including:
- 5m @ 44.1g/t Au from 25m, including
- 1m @ 220.8g/t Au from 27m (25WTRC010)
- 10m @ 10.37g/t Au from 81m, including
- 1m @ 92.15g/t Au from 81m (26WTRC004)
- 6m @ 28.96g/t Au from 31m, including
- 1m @ 171.35g/t Au from 33m (previously reported)
The intercept in hole 26WTRC004 represents the best result reported in fresh rock to date at Wagtail, confirming the potential for high-grade mineralisation to continue at depth and support future resource growth.
High-Tech said the results reinforce the coarse-gold, quartz vein-hosted nature of mineralisation and the quality of the existing high-grade Resource, which historically produced 2,384oz @ 66g/t Au.
Assays received to date validate grade and continuity, with 904 assays still pending from a further 30 holes completed as part of the recent 65-hole (3,323m) drilling program.
In parallel with drilling, scoping-level mining and processing studies are progressing. These are supported by metallurgical testwork, mine design and permitting studies, and a recently executed toll-treatment MOU with Wiluna Mining.
High-Tech’s CEO, James Merrillees
These results are consistent with our understanding of the Wagtail system and continue to reinforce the quality of the existing high-grade Resource. The intersection in hole 26WTRC004 of 10 m @ 10.37 g/t Au from 81 m, including 1 m @ 92.15 g/t Au, represents the strongest result reported in fresh rock to date and confirms the potential for high-grade mineralisation to persist at depth.
With drilling now completed and further assay results expected shortly, we are well positioned to progress the upcoming Resource update and advance scoping-level development studies.
