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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Southern, Northern | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 10/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2017: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Southern, Northern deposit at the Gabanintha project. Drilling results incl. 44m @ 0.75% V2O5, 9.2% TiO2, 35.9% Fe, 9.5% Al2O3, 19.6% Sio2 from 164m. Tech | |
| 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 Reverse Circulation (“RC”) drilling program recently completed on the Northern Block (“Northern Block”) of tenements at its Gabanintha Vanadium Project (“Project”). This program, which was designed to infill and extend the previously announced maiden Inferred Mineral Resource1 (“Resource”) on the Northern Block, consisted of 49 RC holes for 5,258m and 13 HQ diamond holes for 1,235m. An additional 23 RC holes for 2,233m were drilled at the Southern Tenement as part of the broader drilling program, results for which were reported on 14 September 20172. RC drilling on the Northern Block was completed on a mix of 200m and 100m line spacing along the strike length of the Resource (see Figure 1) and to a maximum down hole depth of 219m. This drilling confirmed the continuity of the width and tenor of the high grade basal massive magnetite zone and the presence of broad zones of medium grade hanging wall disseminated mineralisation directly above the basal massive magnetite zone in the mineralised layered mafic igneous unit. The Company’s resource infill and extensional drilling program in the Northern Block was designed, in consultation with independent geological consultants CSA Global, to enhance the confidence level / category of the maiden Inferred Mineral Resource as well as increase the overall Resource tonnage in this portion of the Project. | |
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