TG Metals (ASX:TG6) has secured program of work (PoW) approvals for drilling lithium pegmatite targets within the Lake Johnston Project in Western Australia, amid soil sampling.
Infill drilling to 100m by 100m will be carried out at the Burmeister lithium deposit, as well as a maiden drilling program at the Jaegermeister deposit.
TG Metals, which has a market capitalisation of $16.35 million, says drill pad clearing contractors have mobilised to site and drill rig mobilisation is expected to occur in mid-June.
Recently, the company completed an infill soil sampling program at Jaegermeister and as a result a new anomaly has been defined. The anomaly, target E, lies north of target A and has been included in the coverage of recently acquired seismic field data.
As a result, there are now five priority drill targets at Jaegermeister.
Results from a recently completed seismic survey are also in the final stages of interpretation. The interpretation is expected to guide the existing planned drilling and new phases of drilling over both deposits.
CEO David Selfe says further soil sampling has grown and improved the Jaegermeister targets, which contains multiple soil anomalies bigger than the Burmeister lithium deposit initially presented.
“With such a large area of lithium soil anomalism to drill test, we’re confident that the use of seismic geophysics will fast-track our targeting. We’ve completed two reconnaissance 2D seismic lines; one along the Burmeister trend and a longer one along the Jaegermeister trend,” Selfe says.
“If successful, this technique will now only minimise the drilling required for further discovery and resource definition, but it will also provide a very good understanding of the pegmatite system at Lake Johnston and its size potential.”
TG notes the first stage of metallurgical testwork has been completed, preparing the composite drill core samples for heavy liquid separation and flotation tests by removing basalt wall rock via ore sorting.
TG Metals will be presenting at the upcoming Vertical Events 2024 Gold Coast Investment Showcase, being held on 19 and 20 June at the JW Marriott Gold Coast Resort & Spa, Queensland.
Mining.com.au is a media partner of this year’s event. To register click here.
Write to Aaliyah Rogan at Mining.com.au
Images: TG Metals
