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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Southern | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 9/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2017: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Southern deposit at the Gabanintha project. Drilling results incl. 52m @ 0.89% V2O5, 10.2% TiO2, 39.8% Fe, 7.7% Al2O3, 14.4% SiO2 from 77m. 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 its maiden Reverse Circulation (“RC”) drilling program at the Southern Tenement at its Gabanintha Vanadium Project (“Project”). The drilling program consisted of 23 holes for 2,233 m and was undertaken in conjunction with the recently completed infill and extensional RC and diamond drilling program on the previously announced Inferred Mineral Resource1 (“Resource”) on the Northern Block of tenements at the Project. RC drilling on the Southern Tenement, completed on 200m line spacing over a +1.4km strike length, was successful in defining high grade basal massive magnetite hosted vanadium mineralisation on each of the traverses completed (see Figure 1). Executive Director Ian Prentice commented; “The definition of high grade vanadium mineralisation over +1.4km of strike at the Southern Tenement in the same geological setting as seen in the Northern Block of tenements is an outstanding result and bodes well for an upgrade to the Project’s overall Mineral Resource” The Company’s initial RC drilling program at the Southern Tenement targeted approximately 1.4km of strike of outcropping ironstone (see Figure 1) interpreted to represent the same massive magnetite zone within the layered mafic igneous unit intersected in the Northern Block of tenements, which hosts the Company’s Inferred Mineral Resource (see Figure 3 for location of the Southern Tenement relative to the Northern Block of tenements). Historic drilling by Intermin Resources NL (“Intermin”) returned up to 25m at 1.08% V2O5 from the Southern Tenement. The drilling consisted of 23 RC holes (GBRC047 to GBRC069) for 2,233m on 200m spaced traverses. Holes were drilled at 60° to the north east, with depths ranging from 45m to 171m. | |
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