TG Metals (ASX:TG6) is expecting to increase the lithium endowment at the Burmeister deposit after assay results confirming multiple intersections of spodumene bearing pegmatites with high lithium oxide grades and widths up to 14m.
TG Metals, which has a market capitalisation of $8.53 million, reports the latest drilling results include 8m @ 1.92% lithium oxide, including 2m @ 2.32% lithium oxide, 9m @ 1.44% lithium oxide, and 14m @ 1.55% lithium oxide.
CEO David Selfe says the Burmeister deposit, which is part of the Lake Johnston Lithium-Nickel-Gold Project in Western Australia, continues delivering consistent lithium spodumene mineralisation similar to those received in previous drilling.
“Burmeister is progressing towards its first resource whilst we are assessing our new Jaegermeister discovery for size potential,” Selfe says.
“Every new round of drilling increases our confidence that TG Metals has the premier lithium deposits in the Lake Johnston greenstone belt and the most prospective tenements for further lithium exploration potential.
“We are seeing thickening of the pegmatites towards a north-westerly direction at both Burmeister and Jaegermeister which underpins our confidence that the current exploration target can be exceeded with further drilling.”
TG Metals notes recent drilling at the deposit shows the seismic data reinforces the modelled straight and planar emplacement style for the Burmeister pegmatites but has been limited in depth extension detection by the eastern mafic-ultramafic contact which truncates the pegmatites at its boundary and is a strong reflector of seismic waves.
Due to seasonal wet weather, TG Metals has halted drilling at Burmeister. Drilling is expected to resume once conditions allow.
Further flora and fauna surveys will be carried out in late October and November over the Burmeister deposit, and adjacent areas, to prepare for resource development.
Reconnaissance fieldwork is continuing on regional tenements as weather conditions allow. The company aims to assess all of the tenure at the Lake Johnston Project for further lithium pegmatites.
TG Metals is also progressing metallurgical sighter testwork, which is expected to be completed late this month or early next month. A draft technical report summarising the testwork results will be completed late next month.
The testwork is based on a research and development approach to explore the amenability of the mineralised pegmatite to various metallurgical processes and technologies, based on a conceptual hard rock mining lithium flowsheet.
TG Metals is an explorer and developer focused on discovering lithium in Western Australia through its key project located within the Lake Johnston greenstone belt in the Goldfields-Esperance region.
Write to Aaliyah Rogan at Mining.com.au
Images: TG Metals
