Bullboard - Stock Discussion Forum RTG Mining Inc T.RTG

Alternate Symbol(s): RTTGF

Metals & Mining Gold

RTG Mining Inc. is a mining and exploration company. The Company is focused primarily on progressing the Mabilo Project to start-up, with a view to moving quickly and safely to a producing gold and copper company. It also has a number of new opportunities, including the Panguna Project in Bougainville. The Company holds a 40% interest in Mt. Labo Exploration and Development Corporation (Mt... see more

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RTG Mining Inc > Further High-Grade Copper and Gold Mineralisation

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Post by Betteryear2 on Dec 14, 2023 1:54pm

Further High-Grade Copper and Gold Mineralisation

Announcement To the TorontoStock Exchange and Australian Securities Exchange

Highlights:

New resultsconfirm multiple stylesof mineralisation and more encouraging gold and copper grades along 6.5km of skarns and new structures
High-grade trench sampling assaysinclude:
- 17m @ 5.13g/t Au and 0.78% Cu from Cut 6
- 3m @ 2.52g/tAu and 10.48% Cu from Cut 7
- 11m @ 1.29g/tAu (including 1m @ 3.13g/tAu and 1.03% Cu) from Cut 8
- 3m @ 4.15% Cu from Cut 8
Chanach demonstrates clear potential to host both a high-grade, large Copper - Gold Porphyry Skarn system, combined with a high-grade epithermal gold system
Latest exploration program at Chanach included ground truthing, targeted soil sampling, the digging of seven dozer cut trenches across the 6.5km skarn and outcropping quartz and a magnetic survey
Results from the magnetic data in the eastern end of the tenement has a relatively quiet texture with some distinctive features that clearly show the geometries of folded lithologies and locations of structural features, along which known mineralisation is aligned
Results from the geochemistry show large areas of anomalism (+0.05ppm Au and +0.01% Cu) both in gold and copper stretching over the majority of the identified structures
Mabilo Project in the Philippines continues to advance on-track, recent discussions with committed local partner focused on moving the project into development
Budgets for the Stage 1 Direct Shipping Operation ("DSO") are being finalised and it is expected that discussions with financiers will re- commence early in 2024

SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / December 14, 2023 / The Boardof RTG Mining Inc. ("RTG", or the "Company") (TSX:RTG)(ASX:RTG) is pleased to provide an update on recent exploration activities completed at the Company's 90% owned Chanach Gold & Copper Project (Chanach) in the Kyrgyz Republic.

Further High-Grade Copper and Gold Mineralisation Identified at Chanach (accesswire.com)