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Tawana Resources NL
Summary
| Project: | Bald Hill | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium-Tin | |
| Date: | 8/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 2-8-2017: Tawana Resources NL announces an Exploration/Drilling Update report for its Bald Hill deposit at the Bald Hill project. JV - Drilling results incl. 20m @ 1.27% Li2O, 126ppm Ta2O5, 78ppm Nb2O5, 100ppm SNO2 from 93m. Tawana Resources NL (ASX: TAW) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Calderwood, Gareth Reynolds (Internal) | |
| ABSTRACT: | Tawana Resources NL (ASX: TAW) (Tawana or the Company) and Alliance Mineral Assets Limited (SGX:AMA) (AMAL) are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has yielded several significant lithium and tantalum discoveries. The discoveries are likely to add significantly to the current Resource base. Tawana Resources Managing Director Mark Calderwood stated: “The footprint of the lithium and tantalum mineralised pegmatites has been expanded significantly in the last two months with exciting discoveries to the south east of the Boreline pits and below the starter pit. The results are expected to add significantly to Inferred Resources and the current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation of a Resource and Reserve upgrade in October. We remain on track to become Australia’s next lithium producers with our first shipment planned for the first quarter of 2018.” A further 96 exploration Reverse Circulation and Diamond drill holes totalling 14,819m were completed between 16 May and 15 July 2017. Assays have been received for 123 holes since the May drilling update (refer ASX announcement dated 25 May 2017 / SGX announcement dated 24 May 2017). Recent intercepts are summarised in Tables 1 and 2 in Appendix B. | |
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