Tawana Resources hits further Mofe Creek mineralisation
THE DRILL SERGEANT: Tawana Resources (ASX: TAW) has claimed the discovery of high-grade itabirite mineralisation over a two kilometre strike at the Gofolo NE target and within 2.5km from the Gofolo Main prospect.
Both are located within the company’s 100 per cent-owned Mofe Creek iron ore project in Liberia.
Tawana has drilled a total of 259 holes along the Gofolo NE target with 62 holes intersecting iron formation.
The company has received 30 results to date with a further 32 results pending and augering ongoing.
The Gofolo NE hand auger hole program is part of Tawana’s ongoing regional exploration program, which is being conducted to define mineralisation footprints for future drilling.
The work so far has identified a friable itabirite footprint over a 2km strike at Gofolo NE in addition to high-grade outcropping coarse grained itabirite similar to the drilled Gofolo main target.
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Prospect areas showing drilling completed to date at Gofolo and
Koehnko, main access roads and tracks (in white) and Gofolo / Gofolo NE /
Zaway target cluster. Source: Company announcement
Surface auger holes average 32 to 35 per cent iron with individual results up to 41.4 per cent iron over the south western half of the anomaly.
Assay results are pending for the north-eastern half.
“This adds another exciting discovery to the Mofe Creek project; given the similarity in mineralisation and proximity to the Gofolo Main prospect,” Tawana Resources managing director Len Kolff said in the company’s announcement to the Australian Securities Exchange.
“A cluster of high-priority prospects is developing within less than five kilometres potential trucking distance from each other with similar high-grade, coarse grained itabirite as intersected in drilling at Gofolo; providing confidence in a readily beneficiable plus-60 per cent iron product.”
Tawana indicated it has a nine hole RC drill program planned for Gofolo NE on completion of the current resource drilling program, which is due to commence in the coming weeks.
The Mofe Creek project hosts a 95 million tonnes high-grade plus-45 per cent iron friable itabirite exploration target within a global exploration target of greater than 500 million tonnes of friable itabirite and intermixed itabirite/amphibolite.