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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 8/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-8-2017: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Gabanintha deposit at the Gabanintha project. Drilling results incl. 16m @ 1.24% V2O5, 14.2% TiO2, 49.9% Fe, 5.1% Al2O3, 4.2% SiO2 from 6m. Technology Meta | |
| Resources: | (Resource, Inf.): 62.8Mt @ 0.8% V2O5, 35.9% Fe, 10.8% Al2O3, 18.35 SiO2, 9.7% TiO2 at project | |
| CP/QP: | [Overall Report]: Ian Prentice (Internal) | |
| ABSTRACT: | Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or the “Company”) is pleased to announce results of the first 10 Reverse Circulation (“RC”) drill holes from the resource infill and extensional drilling program underway at its Gabanintha Vanadium Project (“Project”). The drilling program, which is nearing completion, is expected to consist of 7,500m of RC drilling and approximately 1,200m of diamond drilling, designed to infill and extend the previously announced maiden Inferred Mineral Resource1 (“Resource”) on the Northern Block of tenements at the Project and complete initial drill testing of the Southern Tenement. The initial 10 RC holes infilled a 400m portion of the Resource in the northern part of the Southern Zone (see Figure 1) to 100m line spacing and to a maximum down hole depth of 177m. This drilling was successful in confirming the continuity of the width and tenor of the high grade basal massive magnetite zone across each of the 100m spaced drill lines and the presence of broad zones of medium grade hanging wall disseminated mineralisation directly above the basal massive magnetite zone within the mineralised layered mafic igneous unit. Executive Director Ian Prentice commented; “These initial results from the infill RC drilling have confirmed the excellent continuity of the high grade vanadium mineralisation at Gabanintha and significantly enhanced our confidence in the overall continuity of the mineralisation” | |
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