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03/08/20
18:35
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MetalsTech (ASX:MTC) significantly progresses Sturec Gold operations in June quarter
- During the June quarter, MetalsTech (MTC) largely focused on its multi-million ounce Sturec Gold Project in Slovakia
- In collaboration with Nagrom, Clean Earth Technologies and the CSIRO, MetalsTech progressed a metallurgical testing program of ore from the project
- A nine-hole diamond drilling was planned to test the interpreted extension of the high-grade plunging zone within the Sturec Mineral Resource
- The company believes it extends from a historic drill hole to an unexplored area to the south
- MetalsTech is well-funded for this program with a $2.5 million finance agreement with Zhengrong Chen and a $1.125 million placement
- MetalsTech began the quarter with $587,000 in cash and rounded it off with just over $1 million
- Company shares are down a slight 1.92 per cent and trading for 25.5 cents
Read the full article on The Market Herald here: https://themarketherald.com.au/metalstech-asxmtc-significantly-progresses-sturec-gold-operations-in-june-quarter-2020-07-31/