TG Metals (ASX:TG6) has discovered lithium pegmatites via an exploration drilling program conducted at the Jaegermeister prospect, within the Lake Johnston Lithium-Nickel-Gold Project in Western Australia.
A reverse circulation drilling program, comprising 19 holes for 3,472m, was completed. The majority of the assays have been received, confirming multiple intersections of spodumene bearing pegmatites with lithium oxide grades and widths up to 10m.
TG Metals, which has a market capitalisation of $9.95 million, reports the highest assay result includes 2.68% lithium oxide.
The drilling program also tested several priority lithium soil targets, with targets A and B both proving to contain lithium pegmatites up to 10m in thickness.
TG Metals says the results indicate a pegmatite system larger than what has been drilled to date, open in all directions, with an apparent thickening of the pegmatites towards the west.
With drilling producing 10m widths and more than 2% lithium oxide assays, Jaegermeister is showing similar size extent to the Burmeister prospect.
CEO David Selfe says the latest results provide confidence that the company has two areas of lithium mineralisation within Lake Johnston, and further enhances the potential for a standalone spodumene lithium project.
“Multiple lithium pegmatites have been defined at Jaegermeister, at relatively shallow depths displaying size characteristics very similar to the nearby large Burmeister deposit,” Selfe says.
“These pegmatites appear to be thickening towards the west, an area that will be a priority target for the next round of drilling at Lake Johnston.”
Drilling has been suspended at Lake Johnston, due to prolonged inclement weather. The program is expected to resume at Burmeister when the conditions allow it too.
During spring, TG Metals plans to conduct flora and fauna surveys over Burmeister and adjacent areas to prepare for resource development.
The next round of drilling will focus on testing the down dip, westerly continuance for thickening of the pegmatite, the northern extensions of all pegmatites, and the area between targets A and B to join the pegmatite drillhole intercepts into a single coherent more than 1,500m width.
Meanwhile, metallurgical testwork is ongoing with complete sighter testwork expected to be completed next month. TG Metals says this work is being conducted on previously drilled Burmeister core.
At the Tay prospect, regional reconnaissance exploration will begin once conditions allow.
TG Metals is a junior mineral explorer focused on discovering lithium, nickel, and gold in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: TG Metals
