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Strandline Resources Ltd.
Summary
| Project: | Tanga South | |
|---|---|---|
| Deposit: | Tajiri | |
| Location: | Tanzania | |
| Commodities: | Rutile-Zircon-Ilmenite-Leucoxene | |
| Date: | 12/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Strandline Resources Ltd. announces an Exploration/Drilling Update report for its Tajiri deposit at the Tanga South project. Drilling results incl. 15m @ 6.8% THM from 0m. Strandline Resources (ASX: STA) is pleased to announce outstanding high | |
| Resources: | (Resource, Ind.): 59Mt @ 3.7% THM at project | |
| CP/QP: | [Overall Report]: Brendan Cummins (Internal) | |
| ABSTRACT: | Strandline Resources (ASX: STA) is pleased to announce outstanding high-grade Total Heavy Mineral (THM) assays from its 100%-owned Tajiri mineral sands deposits near the port city of Tanga in northern Tanzania (Figures 1 & 2). Air-core drilling across the priority Tajiri T1-T4 targets highlight the strong potential to significantly increase Tajiri’s existing Indicated Mineral Resource of 59Mt at 3.7 % THM (refer ASX announcement 23 August 2017). These results will form part of the new Mineral Resource estimate scheduled for completion early next quarter. Tajiri’s existing Resources comprise a high value assemblage of 87% valuable mineral, which includes 10% Rutile, 5% Zircon, 4% Leucoxene and 68% Ilmenite. Importantly, a combination of air-core and auger drilling has successfully discovered new, high grade areas along the Tajiri HMS corridor that should continue to expand Mineral Resources over time. This includes a thick channel-style deposit running adjacent to the existing T3 and T4 mineralised zones. Strandline Managing Director Luke Graham said: “These latest results show Tajiri is emerging as a gamechanger for Strandline. As the next project in our pipeline behind Fungoni, Tajiri has immense potential to create substantial value for shareholders. “The results confirm another highly successful infill and extension drill programme at Tajiri, with high grade intersections identified at each target area (T1-T4), confirming the strong potential for increases to existing Mineral Resources. | |
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