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TopTung Ltd.

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Summary

Project:

Torrington

Deposit:Mt Everard, Wild Kate
Location:Australia
Commodities:Tungsten
Date:4/21/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:21-4-2017: TopTung Ltd. announces an Exploration/Drilling Update report for its Mt Everard, Wild Kate deposit at the Torrington project. Drilling results incl. 28.0m @ 0.47% W from 0m. Assay results from the 129 Reverse Circulation percussion (RC) drill h
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Lean Pretorius (Internal)
ABSTRACT:Assay results from the 129 Reverse Circulation percussion (RC) drill holes completed to 10 March 2017 have been received and checked. Before being halted, the planned grid-based shallow RC drilling programme to locate additional silexite (hostrock to both the tungsten and topaz) around the greater Mt Everard area only located silexite bodies beneath the metasedimentary cover in three holes away from the historic workings. These will be followed up with additional drilling in future. The targeted step-out and infill drilling around the Mt Everard workings (Figure 1) has however returned very good grade and widths of tungsten mineralisation and this exploration model is now being employed at Wild Kate (Figure 2) to better understand both the silexite distribution and tungsten mineralisation. The drilling has also intersected an altered intrusive aplite phase in contact with the silexite as distinct from the expected Mole Granite. Understanding the relationship between the silexite greisen, the aplite and the Mole Granite may well have a role in developing a mineralisation model in due course with additional drilling information. The drilling programme will now focus on targeted drilling to increase resources as a first priority at Wild Kate and Burnt Hut before returning to Mt Everard to follow-up on the firstpass programme. In closing it is again worth mentioning the prolonged and exceptionally heavy rainfall that the Torrington area has sustained from start of drilling in January until the passing of Cyclone Debbie, which severely delayed the planned exploration and drilling programmes. At present less than half the planned drilling has been completed.

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