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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 4/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-4-2017: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Gabanintha deposit at the Gabanintha project. Drilling results incl. 36m @ 0.95% V2O5, 11.5% TiO2, 43.1% Fe from 0m. Technology Metals Australia Limited (A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Prentice (Internal) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce the results of its recently completed reverse circulation (“RC”) drilling program (“Program”) at its Gabanintha Vanadium Project. The Program consisted of a total of 36 holes for 3,128m (see ASX announcement dated 9 March 2017: Massive Magnetite Zone Intersected on Every Traverse), with results for the first 12 holes reported on 4 April 2017. Results for the remaining 24 RC holes (GBRC013 to GBRC036) from the central and northern portion of the mineralised layered mafic igneous unit have now been received. These holes represent seven (7) drill traverses and, combined with the initial drilling reported, cover over 4.0km of strike of the target zone (see Figure 1). The latest results intersected wide zones (21 to 36m in down hole width) of high grade vanadium mineralisation in the northern portion of the target zone and extended the broad zones (7 to 18m in down hole width) of high grade vanadium mineralisation from the initial 12 holes a further 800m to the north, for a strike length of +2.0km (see Table 1). The Company’s maiden drilling program was completed on eleven (11) east-west traverses nominally 400m apart along the strike of the target zone, with holes drilled at 60° to the east (other than two holes on traverse 1400N drilled at 60° to the west) (See Appendix 2 for collar details). The drilling intersected the massive magnetite zone, host of the high grade vanadium mineralisation, towards the base of the mineralised layered mafic igneous unit on each of the eleven drill traverses. | |
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