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Strandline Resources Ltd.
Summary
| Project: | Tanga South | |
|---|---|---|
| Deposit: | Tajiri | |
| Location: | Tanzania | |
| Commodities: | Rutile-Zircon-Ilmenite-Leucoxene | |
| Date: | 6/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-6-2018: Strandline Resources Ltd. announces an Exploration/Drilling Update report for its Tajiri deposit at the Tanga South project. Drilling results incl. 60.0m @ 5% THM, 20% Slime from 0m . Strandline Resources (ASX: STA) is pleased to announce outst | |
| Resources: | (Resource, Ind.): 147Mt @ 3.1% THM at Tajiri | |
| CP/QP: | [Overall Report]: Brendan Cummins (Internal) | |
| ABSTRACT: | Strandline Resources (ASX: STA) is pleased to announce outstanding drilling results which point to a substantial increase in Resources at its 100 per cent-owned Tajiri mineral sands project in Tanzania. The reconnaissance drilling returned multiple intersections of high-grade mineral sands from surface and up to 60m thick. These latest results highlight the strong potential to extend the existing Tajiri T4C Channel Mineral Resource at Tajiri to the north and south along the 7.5km strike length. Tajiri’s JORC Indicated Mineral Resources stand at 147Mt at 3.1 % THM, containing in-situ valuable minerals of 339,000t rutile, 201,000t zircon, 3,132,000t ilmenite and 322,000t almandine garnet. The T4C Channel currently accounts for 10Mt of this at 3.4% THM. In light of these outstanding results, Strandline has set a revised Exploration Target for the Tajiri mineralised corridor, details of which are published on page three of this release, and is now planning a further resource drilling campaign. Strandline Managing Director Luke Graham said: “The latest assay results are exceptional because they extend the known corridor of mineralisation significantly, based on thick, high-grade intersections along a 7.5km strike. “The existing Tajiri Resources already hosts a large-scale mineral resource with a strong grade and valuable mineral assemblage which is more than adequate to underpin the current project scoping study. “Further increases in this Resource will only strengthen the economic outlook for Tajiri.” | |
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