For thousands of other reports visit RSC's Mineral Intellingence Map
Tando Resources Ltd.
Summary
| Project: | SPD | |
|---|---|---|
| Deposit: | SPD | |
| Location: | South Africa | |
| Commodities: | Vanadium | |
| Date: | 11/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2018: Tando Resources Ltd. announces an Exploration/Drilling Update report for its SPD deposit at the SPD project. Drilling results incl. 15m @ 0.99% V2O5 from 94m. Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce continued ou | |
| Resources: | (Resource, Inf.): 513Mt @ 0.78% V2O5 | |
| CP/QP: | [Overall Report]: Bill Oliver (Internal) | |
| ABSTRACT: | Tando Resources (ASX: TNO, Tando or the Company) is pleased to announce continued outstanding assay results which will help underpin the impending maiden JORC Resource at its SPD Vanadium Project. These latest assays include the final results from the recently-completed Phase One drilling program. They will now be incorporated into the maiden JORC Resource estimate, which is on track for publication before Christmas. All holes reported in this statement are shown on Figure 1 with significant intersections tabulated in Appendix 2 as whole-rock, or pre-concentrate, grades including The Phase 1 drilling program targeted the established SPD deposit, where there is currently a resource of 513 million tonnes at a grade of 0.78% V2O5 defined under the SAMREC code. This resource is a “foreign resource” (as defined in the ASX Listing Rules) and is detailed in Appendix 1 below. Drilling aimed to provide sufficient data to allow a maiden JORC-compliant Mineral Resource to be calculated and receipt of these assays enables the Mineral Resource Estimate to be finalised. The Phase Two drilling program is now well advanced with the aim of upgrading the initial JORC Resource to an Indicated category. This program comprises 58 holes for 5,550m. Three rigs are operating and 38 holes for 3,148m have been completed to date. The program is anticipated to be completed in December. Drilling is also underway to test the potential of the surrounding high-grade vanadium pipes at SPD (refer ASX Announcement 23 November 2018). This drilling is aimed at establishing either a Direct Shipping Ore (DSO) or similar near-term production operation. Historical drilling at SPD returned magnetic concentrate grades above 2.2% V2O5 (refer ASX release 17 September 2018). Tando is awaiting concentrate analyses from drill samples submitted for magnetic separation by Davis Tube. Simple beneficiation processes like magnetic separation are being investigated to generate a concentrate which could be able to be blended with DSO material for sale. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report