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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Gabanintha | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 11/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-11-2018: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Gabanintha deposit at the Gabanintha project. Drilling results incl. 16.0m @ 1.26% V2O5, 15.9% TiO2, 42.9% Fe, 8.0% SiO2, 8.2% Al2O3 from 28m. Technology M | |
| Resources: | (Reserve, Prob.): 16.7Mt @ 0.96% V2O5 for 0.16Mt V2O5 contained | |
| 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 Reverse Circulation (“RC”) drilling component of the recently completed Stage 1 Project enhancement drilling program in support of the Definitive Feasibility Study (“DFS”) at its Gabanintha Vanadium Project (“Gabanintha” or “Project”). The Stage 1 Project enhancement drilling program included 3,714m of RC drilling across the Northern Block of tenements and the Southern Tenement; consisting of sixteen (16) holes in the Central Pit area, four (4) diamond pre-collars in the North Pit area and eight (8) holes in the Southern Tenement. RC holes were specifically designed to infill and extend the Northern Block Mineral Resource estimate in the Central Pit area, aimed at increasing the Indicated Mineral Resource category / Probable Reserve estimate, and upgrade part of the Southern Tenement Inferred Mineral Resource estimate to the Indicated Resource category. Managing Director Ian Prentice commented; “The results of the RC drilling from the stage 1 enhancement drilling program have delivered exceptional strike continuity, and down dip extension, of the massive magnetite mineralisation. These results are expected to materially increase the Global Resource and more importantly the Indicated Resource component, of this globally significant vanadium Project”. | |
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