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Tawana Resources NL
Summary
| Project: | Bald Hill | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum-Tin | |
| Date: | 12/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 6-12-2017: Tawana Resources NL announces an Exploration/Drilling Update report for its Bald Hill deposit at the Bald Hill project. JV - Drilling results incl. 35m @ 1.74% Li2O from 146m. Tawana Resources NL (ASX:TAW) (“Tawana” or the “Company”) and Allian | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gareth Reynolds, Mark Calderwood (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 and mapping at the Bald Hill Project, in the Eastern Goldfields region of Western Australia has significantly increased the footprint of the known lithium and tantalum pegmatite swarm. The Bald Hill Project is a joint project between Tawana and AMAL Tawana Resources Managing Director Mark Calderwood stated: “With a number of significant resource targets, the Joint Venture is considering increasing the pace of drilling in the new year. One rig will continue with infill drilling whilst one to two rigs will work on step out drilling and testing newly discovered lithium pegmatites. We remain on track to joining the lithium producer ranks in 1Q18. A further 87 Reverse Circulation drill holestotalling 12,222m and 7 core holes totalling 750m were completed between 2 August and 4 October 2017. Of these 94 holes drilled, only 20 were completed in time to be included in the October Resource Estimate (Refer ASX Release 11 October 2017). Recent intercepts are summarised in Tables 3, 4 and 5 in Appendix A. Outcrop mapping and sampling has been undertaken on R15/01. Several outcropping spodumene and tantalum pegmatites have been located highlighting the potential, at depth, for the more important sub-horizontal pegmatites. A total of 75 rock chip and channel samples were collected over a wide area of which 54 contained visual spodumene or anomalous lithium, tantalum or tin. | |
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