en.Wedoany.com Reported - High-Tech Metals (ASX:HTM) has returned a batch of what it describes as "significant" gold intercepts from the first 17 holes of its drilling program at the Mt Fisher Gold Project in Western Australia. The company has received preliminary assay results from the initial 17 holes of a 41-hole reverse circulation drilling program totaling 6,038 meters, with results for the remaining 24 holes expected to be released in the coming weeks.

"Significant" intercepts from the first batch of assays include: 13 meters at 1.54 grams per tonne gold (Au) from 192 meters, including 5 meters at 3.38 g/t Au from 194 meters; 12 meters at 2.30 g/t Au from 171 meters, including 5 meters at 4.95 g/t Au from 171 meters; 10 meters at 1.35 g/t Au from 152 meters, including 3 meters at 3.31 g/t Au from 156 meters; 6 meters at 1.40 g/t Au from 146 meters, including 3 meters at 2.13 g/t Au from 148 meters; and 2 meters at 5.49 g/t Au from 181 meters.

The company stated that this drilling represents its first major milestone in expanding mineral resources and advancing near-term development opportunities for the project. Chief Executive Officer James Merrillees noted that the consistency of mineralization in the first batch of assay results was "encouraging," returning multiple gold intercepts within the existing mineralized system. Merrillees said the results support the company's evolving geological and structural model, particularly the continuity of mineralized sedimentary layers and the presence of higher-grade veins within the Mt Fisher system.

The Mt Fisher project hosts a Mineral Resource Estimate (MRE) of 464,000 tonnes at 2.32 g/t Au, containing 35,000 ounces of gold, with a current defined strike length of approximately 600 meters. Gold mineralization at the site is primarily associated with sulfide-rich zones, particularly pyrite with minor pyrrhotite, as well as quartz veins developed within sedimentary units.

In addition to releasing assay results from the remaining drill holes, High-Tech Metals also plans to conduct metallurgical test work and expects to update the Wagtail Mineral Resource Estimate. The company anticipates completing a Wagtail scoping study in approximately four to five weeks and plans to commence a second phase of growth drilling in mid-August, with diamond drilling under consideration. Meanwhile, reconnaissance field work is planned across the project area, including the Dam-Damsel trend, which hosts a mineral resource of approximately 75,000 ounces of gold. High-Tech Metals is a gold exploration and development company advancing a portfolio of projects in Western Australia.