High-Tech Metals (ASX:HTM) has announced that reverse circulation drilling at its high-grade Wagtail gold deposit is set to recommence the week of Jan. 12, following the Christmas shutdown.
The ~3,000-metre infill program aims to test known high-grade zones within the deposit, providing critical geological, grade, and metallurgical data to support ongoing resource and development studies.
Previous drilling intercepted visible gold in sulfide-bearing quartz veins, consistent with historical high-grade mineralisation, although laboratory assays are required to confirm the actual grades, with results expected later in January.
The program is being fully funded and managed by SSH Mining Australia under an existing mining agreement, with historical intersections including up to 5m at 41.13 g/t Au and 3m at 55.14 g/t Au, highlighting Wagtail’s high-grade potential.
High-Tech CEO James Merrillees said the recommencement marks an important milestone, noting the visible gold observed aligns with the deposit's known mineralisation style.
SSH Mining COO Sam Baker added that the drilling program will focus on high-grade zones to advance the deposit toward the next stage of evaluation and development.