en.Wedoany.com Reported - High-Tech Metals (ASX:HTM) has announced the final assay results from its 41-hole reverse circulation (RC) drilling program at the wholly-owned Mt Fisher Gold Project in Western Australia. The company completed 6,038 meters of drilling within Mining Lease M53/127, targeting extensions to the current Mt Fisher mineral resource and testing the continuity of "high-grade" lodes identified in a recent geological review. The drilling intersected targeted mineralized sedimentary layers in both the existing resource area and the northern extension, confirming the continuity of the main mineralized structure beyond the current resource envelope.
Significant intercepts include: 12 meters at 2.30 g/t gold from 171 meters, including 5 meters at 4.95 g/t; 13 meters at 1.54 g/t gold from 192 meters, including 5 meters at 3.38 g/t; 5 meters at 3.35 g/t gold from 70 meters; 10 meters at 1.35 g/t gold from 152 meters, including 3 meters at 3.31 g/t; and 2 meters at 5.49 g/t gold from 181 meters.
CEO James Merrillees stated that the program fully achieved the company's objectives by improving understanding of the geological controls on mineralization. "Drilling in the northern extension... has given us a much clearer picture of where to drill next," Merrillees said. He emphasized: "Importantly, drilling beneath the historical open pit continues to support our interpretation that mineralization remains open at depth." He added that the program provided the information needed to update the geological model and mineral resource estimate (MRE), which is expected to be completed in August. High-Tech Metals has now commenced open pit optimization studies using the revised geological model.
Meanwhile, a second phase of reverse circulation drilling is scheduled to begin in mid-August to test interpreted lode extensions, down-dip extensions, and the northern extension. Mt Fisher currently has a JORC 2012-compliant mineral resource estimate of 464,000 tonnes at 2.32 g/t gold, containing 35,000 ounces of gold, defined over approximately 600 meters of strike length within Mining Lease M53/127. The resource sits within a broader mineralized structural corridor extending at least 7 kilometers, highlighting significant exploration potential. Near-term milestones in the coming months include an updated Mt Fisher mineral resource estimate, updated open pit optimization, completion of the Wagtail scoping study, and ongoing metallurgical test work. High-Tech Metals is a gold exploration and development company advancing its portfolio of projects in Western Australia.
