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TopTung Ltd.
Summary
| Project: | Torrington | |
|---|---|---|
| Deposit: | Wild Kate | |
| Location: | Australia | |
| Commodities: | Tungsten | |
| Date: | 10/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2017: TopTung Ltd. announces an Exploration/Drilling Update report for its Wild Kate deposit at the Torrington project. Drilling results incl. 8m @ 0.32% W from 27m. The completion of the 2017 drill programme at Torrington and the increasing tungste | |
| Resources: | (Resource, I+I): 2.146Mt @ 0.23% WO3 for 4.965kt WO3 contained at project | |
| CP/QP: | [Overall Report]: Leon Pretorius (Internal) | |
| ABSTRACT: | The completion of the 2017 drill programme at Torrington and the increasing tungsten price has led to the Company reassessing the strategic pathway for the development of the Project. This change in strategy involves commencing the application process for a Mining Lease; the start-up of the main topaz research programme at UNSW; and, completing a JORC 2012 Mineral Resource estimate based on the 2017 drill results. Given the importance to have access to mined product for the supply of topaz concentrate in the event the topaz research is successful in the short-term, the Company’s Mining Lease application will be based on a staged development with an initial lower tonnage plant throughput. The Company’s first drilling programme at Torrington was completed on 13th August 2017 with 384 Reverse Circulation percussion holes being drilled for 10,679m and 16 HQ diamond core holes for 538.5m. All drilling was within the area approved by the Review of Environmental Factors (REF) covering the Wild Kate, Burnt Hut and Mt Everard Prospects. It is a credit to the drilling contractor and all others involved that the programme was completed with no lost time injuries. Now that all the assay results have been received for the 2017 drill programme the Company’s consultants Resolve Geo Pty Ltd can commence an update of the JORC 2012 Mineral Resource estimate. | |
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