G6M grant at Dolphin

Group 6 Metals continues expanding exploration opportunities surrounding Dolphin Tungsten Mine

Group 6 Metals (ASX:G6M) has identified a full mine sequence and skarn hosted scheelite mineralisation from ongoing drilling at the Investigator 24 prospect within its wholly owned Dolphin Tungsten Mine on King Island in Tasmania. 

The company says drillhole KI111, which represents the first drillhole completed at the prospect in about 50 years, intersected a full mine sequence including B and C lens with associated calc-silicate skarn mineralisation similar to the Bold Head and Dolphin Resources over 6km to the east. 

Group 6 Metals notes exploration drilling has been completed with the assistance of a Tasmanian Government Exploration Drilling Grant Initiative (EDGI). Drilling has been undertaken to test the full potential of the area under exploration lease.

Drilling was also conducted to extend the current project life beyond the current 14 years through near mine and exploration drilling projects.  

Drillhole KI112 has been collared about 140m south and is currently underway. 

Commenting on the exploration at Investigator 24, Group 6 Metals Chief Executive Officer (CEO) and Managing Director Keith McKnight says: “While continuing to make exciting progress towards the restart of tungsten production at the Dolphin tungsten Mine in early 2023, the company is keen to continue developing regional exploration opportunities surrounding the mine, building on the high-grade mineralisation intersects encountered from previous exploration drilling carried out at Investigator 21 in 2018.

“The company is excited by the result from this first reconnaissance diamond drillhole in this region since 2018…”

KI111, the first drillhole drilled in this untested 700m strike length of the investigator 24 area has intersected skarn mineralisation in the mine series. Visual inspection of the core under ultraviolet light has identified the presence of scheelite mineralisation. 

The company is excited by the result from this first reconnaissance diamond drillhole in this region since 2018, where there was an intersection of 3.3m @ 1.7% WO3 located 800m to the north in diamond hole KI062.” 

The company also notes scheelite mineralisation associated with garnet-pyroxene skarn was observed under UV light at several intercepts downhole including 217.4-220.6m, 257.7-262m, and 302.3-314.0m, with samples being submitted to ALS Laboratory for analysis. Assays are currently pending. 

In addition, Group 6 Metals announces the completion of the drillhole comes following the raising of $4.47 million via a recent share purchase plan, which will see the issue of over 26.3 million shares at an offer price of $.0.17 per share, as announced by the company earlier this month.  

Funds raised were reported to primarily fund ongoing construction and operating activities at the Dolphin Tungsten Mine. 

With drillhole KI111 now complete, Group 6 Metals announces the drilling program is expected to be completed by the end of March this year, with full results of the program set to be available in June 2023. 

Group 6 Metals is an ASX-listed resources exploration and development company whose name honours tungsten as its first commodity project under development, as tungsten is a member of Group 6 of the periodic table, as well as being a critical mineral and a geopolitically strategic resource.

The company’s Dolphin Tungsten Mine is located on Tasmania’s King Island and is currently the main focus of Group 6 Metals, which is working to redevelop the mine to produce a ‘high-grade’ of tungsten concentrate, as well as value-add the product for supply into the upstream tungsten industry.

Images: Group 6 Metals Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.