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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica-Cobalt-Nickel-Copper | |
| Date: | 3/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-3-2019: Technology Metals Australia Ltd. announces a Resource Estimation report for its Gabanintha deposit at the Gabanintha project. Updated mineral resource estimate at the project to include new base metal resource. Technology Metals Australia Limit | |
| Resources: | ||
| CP/QP: | [Resources]: Grant Louw (CSA Global Pty Ltd.) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce results for the update of the Northern Block Mineral Resource (“Northern Block Resource”) estimate and the resulting Global Mineral Resource (“Global Resource”) estimate, reported in accordance with the JORC Code 2012, for the Gabanintha Vanadium Project (“Project”). Resource estimation completed by independent geological consultants CSA Global was based on data from the Company’s 2017 and 2018 reverse circulation (RC) and diamond drilling programs. The 2018 resource infill and extension drilling program consisted of 45 holes for 6,730m across the Northern Block of tenements and the Southern Tenement, with a particular focus on expanding the Indicated Mineral Resource estimate in the Northern Block of tenements. Data from the bulk sample diamond drilling in the North Pit area (21 PQ diamond drill holes for 1,483.4m) has also been used in the resource estimation. The updated Northern Block Mineral Resource estimate includes a Measured and Indicated Mineral Resource of 30.0 Mt at 0.9% V2O5 and 11.0% TiO2 Incorporating the maiden Measured Mineral Resource estimate in the North Pit area. The Global Resource estimate for the Project of 131 Mt at 0.9% V2O5 and 10.1% TiO2 includes an outstanding high grade component of 71.2 Mt at 1.1% V2O5 and 12.7% TiO2 contained within the highly continuous and consistently mineralised massive magnetite zone (see Figure 1). | |
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