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High-Tech Metals Limited ( (AU:HTM) ) just unveiled an update.
High-Tech Metals has launched a 5,000m reverse circulation drilling program at its Mt Fisher project to expand the current JORC 2012 mineral resource of 464,000 tonnes at 2.32 grams per tonne gold for 35,000 ounces. The campaign aims to test high-grade shoots and extensions beyond the existing 600m resource envelope, which covers less than 10% of the prospective 7.2km strike.
An independent review found 79 historical intercepts above 0.5 grams per tonne gold across Mt Fisher, but only 42 are incorporated into the present resource, indicating more than 40% of known mineralisation remains outside the model. With historical open pit production of about 30,000 ounces at roughly 4.4 grams per tonne and mineralisation remaining open in multiple directions, the program is positioned to materially grow the resource base and potentially enhance the project’s grade profile and economic appeal.
More about High-Tech Metals Limited
High-Tech Metals Ltd is an ASX-listed resources company focused on gold exploration and development in Western Australia. The company’s key asset is the Mt Fisher gold project, where it is advancing a JORC-compliant mineral resource and targeting high-grade mineralised zones within an historically productive gold system.
Average Trading Volume: 191,497
Technical Sentiment Signal: Buy
Current Market Cap: A$26.32M
For detailed information about HTM stock, go to TipRanks’ Stock Analysis page.