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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 4/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-4-2017: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Gabanintha deposit at the Gabanintha project. Drilling results incl. 18m @ 1.09% V2O5, 12.4% TiO2, 46.7% Fe from 58m. Technology Metals Australia Limited is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Prentice (Internal) | |
| ABSTRACT: | Technology Metals Australia Limited is pleased to announce the results of the first twelve (12) reverse circulation drill holes from its recently completed RC drilling 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 pending for the remaining twenty four holes. The twelve RC holes reported represent the four southernmost drill traverses extending over 1.2km of strike of the target zone. All holes intersected broad zones of high grade vanadium mineralisation, ranging from 7 to 18m in down hole width, associated with the massive magnetite zone towards the base of the mineralised layered mafic igneous unit. Results for the remaining 24 holes are expected over the coming weeks. These remaining holes include the northern traverses of the southern portion of the target zone and the traverses that tested the northern portion of the target zone. Metallurgical testing programs and resource estimation work, which is expected to deliver a maiden inferred resource for the Gabanintha Vanadium Project, will commence on receipt of all assay results. This work will guide future drilling campaigns, including resource infill and extension designed to improve and increase the resource estimate plus metallurgical sample collection to enable detailed metallurgical testwork to be conducted on a range of mineralisation styles. | |
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