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Technology Metals Australia Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Southern, Northern | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Silica | |
| Date: | 12/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-12-2017: Technology Metals Australia Ltd. announces an Exploration/Drilling Update report for its Southern, Northern deposit at the Gabanintha project. Drilling results incl. 27.5m @ 1.04% V2O5, 11.8% TiO2, 47.3% Fe, 5.4% Al2O3, 8.1% SiO2 from 101m. Tec | |
| 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 Diamond Drilling recently completed on the Northern Block (“Northern Block”) of tenements at its Gabanintha Vanadium Project (“Project”). The Diamond Drilling, which consisted of 13 holes for 1,235m, formed part of the infill and extension of the previously announced maiden Inferred Mineral Resource1 (“Resource”) on the Northern Block. The Resource, which consists of 62.8Mt at 0.8% V2O5 containing an exceptional high grade component of 29.5Mt at 1.1% V2O5 places the Project comfortably amongst the highest grade vanadium deposits in the World. The Diamond Drilling was completed along the strike of the Resource (see Figure 1) with five (5) holes designed to “twin” RC holes from the previous RC drilling program completed by the Company and eight (8) holes designed to infill on RC traverses completed in the current phase of drilling. This drilling has further enhanced confidence in the strike and down dip continuity of the defined mineralisation at the Project, confirming 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. | |
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