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Tando Resources Ltd.
Summary
| Project: | SPD | |
|---|---|---|
| Deposit: | SPD | |
| Location: | South Africa | |
| Commodities: | Vanadium | |
| Date: | 2/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2019: Tando Resources Ltd. announces an Exploration/Drilling Update report for its SPD deposit at the SPD project. Drilling results incl. 13.3m @ 0.98% V2O5, 3.91% TiO2 from 2.2m. Tando Resources (ASX: TNO, Tando or the Company) is pleased to announc | |
| Resources: | (Resource, Inf.): 588Mt @ 0.78% V2O5 | |
| CP/QP: | [Overall Report]: Bill Oliver (Internal) | |
| ABSTRACT: | Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce the discovery of potential high-grade Vanadium mineralisation outside the existing SPD Vanadium Project area. Tando has continued to test a number of targets outside the project area from which high grade surface samples were returned. Recent drilling at the NE Target has returned a substantial intersection of lithologies similar to the lithologies which host the mineralisation at the SPD Resource – with VHD006 intersecting interlayered magnetite and magnetite gabbro from surface to 150m depth (broken only by a 3m dolerite dyke, refer Figure 1). This follows a previous hole (VHD005) which intersected a 25m zone, including a 7m zone of massive magnetite. Magnetite and magnetite gabbro are well established as the host for mineralisation at SPD and its surrounds. It should be noted that these are downhole widths, not true widths, with VHD005 being an inclined hole and VHD006 a vertical hole (as shown on Figure 1) Assays are anticipated in 4 weeks but the presence of these lithologies provides encouragement that the NE Target represents a new satellite zone of surface mineralisation within the SPD project. The Mineral Resource at SPD comprises 588Mt at a grade of 0.78% V2O5 including a high grade zone of 87Mt at a grade of 1.07% V2O5. The NE Target is located some 4km north-east of the Mineral Resource (Figure 2) and, should assays confirm the presence of mineralisation in this area, would represent a new area to be evaluated as a potential feed source to the main project. The Company has received first results from a previous diamond drill hole completed outside the resource area (Figure 2, Appendix 2). VDD011 returned 7.6m at 1.31% from 7.4m including 4.5m at 1.72% from 10.6m. The presence of both near surface and outcropping high grade mineralisation at this target provides encouragement that this target may add significant high grade feed to the Companys proposed production profile. The Company completed a close spaced RC drilling programme in the latter part of the Phase 2 drilling programme to enable the tonnage and grade at this target to be quantified. | |
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