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Strandline Resources Ltd.
Summary
| Project: | Tanga South | |
|---|---|---|
| Deposit: | Tajiri | |
| Location: | Tanzania | |
| Commodities: | Rutile-Zircon-Ilmenite-Leucoxene | |
| Date: | 2/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2018: Strandline Resources Ltd. announces a Resource Estimation report for its Tajiri deposit at the Tanga South project. Mineral Resource more than doubled at Tajiri. Strandline Resources (ASX: STA) is pleased to announce that the Mineral Resource e | |
| Resources: | (Resource, Ind.): 147Mt @ 3.1% THM at Tajiri | |
| CP/QP: | [Resources]: Greg Jones (GNJ Consulting) | |
| ABSTRACT: | Strandline Resources (ASX: STA) is pleased to announce that the Mineral Resource estimate at its 100%- owned Tanga South Tajiri mineral sands project in Tanzania has more than doubled in contained Heavy Mineral (HM) content to 4.6 million tonnes. The outstanding result means Tajiri is now a large scale project and well on track to become Strandline’s second mineral sands project behind its advanced zircon-rich Fungoni Project. In light of this result, Strandline has started a Scoping Study on the Tajiri Project, which is located near the port city of Tanga in northern Tanzania (refer Figures 2 & 3). Air-core infill and extension drilling across the priority Tajiri T1-T4 targets has resulted in Tajiri’s Indicated Mineral Resource inventory increasing to 147Mt at 3.1% THM, up from 59Mt at 3.7% THM (refer ASX announcement 12 December 2017). The resource upgrade shows a rutile-enriched, ilmenite-dominant mineral assemblage with zones of elevated zircon-rich mineralisation within some of the mineralogical domains. The mineralisation also shows strong geological and grade continuity along and across strike which bodes well for future mine planning. Importantly, multiple Mineral Resources remain open. Drilling has successfully discovered new, high grade target areas along the Tajiri HMS corridor that should continue to expand Mineral Resources over time. This includes a thick channel-style deposit located parallel to the adjacent T3 and T4 zones. Strandline Managing Director Luke Graham said: “These results show Tajiri has emerged as a gamechanger for Strandline. As the next Tanzanian project in our pipeline behind Fungoni, Tajiri has immense potential to create substantial value for shareholders. “Strandline’s in-situ valuable Heavy Mineral inventory across all three JORC Classified mineral sands resources of Fungoni, Tajiri and the Coburn Project in Australia demonstrates the Company’s global relevance, with estimated contained zircon of (3.1Mt), rutile (1.2Mt), ilmenite (9.3Mt) and leucoxene (0.6Mt). | |
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