GTI Resources prepares to drill at Niagara in December

By Trevor Hoey. Published at Nov 19, 2020, in Mining

GTI Resources Ltd (ASX:GTR) has analysed multi‐element assays from the recently completed first pass shallow aircore drilling program at the Niagara Gold Project, six kilometres south-west of Kookynie in the central goldfields of Western Australia.

The project is located within the central part of the Norseman‐Wiluna greenstone belt where numerous historical workings have been undertaken, including the Cosmopolitan mine which yielded 630,000 tonnes of ore at an average grade of 15 g/t gold.

The multi‐element results follow the previously announced gold assays from the aircore drilling program that intersected elevated gold values and anomalism of up to 2.8 g/t gold.

The multi-element results, together with the previous gold assay results have contributed to the development of the overall exploration model with refined targets now to be tested by reverse circulation drilling which should commence in December.

Presence of other metals points to gold mineralisation

In September, the company completed 2,553 metres (52 holes to an average depth 45 metres) of shallow aircore drilling over the eastern part of the Niagara Project.

A total of 670 samples taken from areas shown below were analysed for a further 48 elements.

The samples were selected to reflect intervals of potential anomalism and alteration.

Based on the results of geochemical assessment the project area is deemed to be hosted by geological features and mineralisation that can indicate the presence of gold.

In particular, anomalous levels of bismuth, tungsten and tellurium are a positive sign for the group in terms of identifying gold mineralisation.

Consequently, the multi-element geochemistry has been used to assist in refining the exploration model and vectoring towards alteration and mineralised targets being tested by the RC drilling campaign planned for December.

The areas that lie within the Niagara Project are largely under-explored despite historical mining having identified high-grade mineralisation.

Consequently, the upcoming exploration program could be a defining moment for GTI.


Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


SEE THE PORTFOLIO

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X