• MetalsTech (MTC) says it's progressing well with its maiden drilling program at the wholly-owned Sturec Gold Mine in Slovakia
  • The first hole is currently at a depth of over 100 metres and is planned to continue to 350 metres
  • Approximately 110 metres into the hole, the company is expecting to hit the exploration target zone, where it has previously interpreted high-grade gold mineralisation extends down plunge from drill hole STOR 3.11
  • Meanwhile, the COVID-19 pandemic has been felt throughout the Slovakia economy, despite the country's low case numbers compared to its European neighbours
  • Slovakia's Gross Domestic Product is expected to fall by nine per cent and the unemployment rate is expected to rise to 10 per cent in 2020
  • These circumstances, combined with the high gold price, provides MetalsTech with confidence the country will welcome a sustainable gold mining operation
  • MetalsTech is up 12.8 per cent on the market today and is trading for 26.5 cents per share