TG Metals (ASX: TG6) CEO Dave Selfe at 2025 RIU Sydney Resources Roundup
TG Metals (ASX: TG6) CEO Dave Selfe outlines the company’s gold ambitions to Wally Graham on Day One of the 2025 RIU Sydney Resources Roundup.
Posts
TG Metals Stockpile Drilling at Van Uden Gold Project
THE DRILL SERGEANT: TG Metals (ASX:TG6) has commenced stockpile drilling at the company’s Van Uden gold project in Western Australia.
TG Metals has commenced drilling using a sonic core drill rig targeting remnant stockpiles from previous mining activities.
The company explained its aim with this drilling is to determine the gold grades of the stockpiles and provide sufficient sample for metallurgical testwork.
The drill program is expected to take 10 days to complete followed by a further four weeks of sample analysis and testing.
Four stockpile areas will be tested, two each at the historical Dieman and Tasman pit locations.
Preparations for an initial mining proposal have also commenced with consultants engaged and discussions have commenced with toll milling options in the region.
An update of the project’s 2012 JORC compliant Mineral Resource Estimate (MRE) is underway and expected to be finalised in the first week of June.
“We are advancing the development of the Van Uden gold project, concentrating on easy wins such as the treatment of historic stockpiles initially,” TG Metals CEO David Selfe said in the company’s ASX announcement.
“When the updated MRE is finalised we can then move onto further development stages around exploiting in-pit gold mineralisation sources.
“This is an exciting time for the company as we transition to being a mine developer, particularly at a time of high gold prices.
“The surface and shallow mineralisation at Van Uden together with access to major roads is a distinct advantage for rapid development.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
TG Metals Acquires Advanced WA Gold Project
THE DRILL SERGEANT: TG Metals (ASX: TG6) gave the market a shake this morning by announcing the acquisition of 80 per cent of the Van Uden gold project in Western Australia.
TG Metals struck a Sale and Purchase Agreement (SPA) with Montague Resources Australia Pty Ltd for the deal. Barto Gold Pty Ltd retains 20 per cent equity interest in the project.
The Van Uden project consists of four granted mining leases, three granted exploration licences and two miscellaneous licences (for haul roads).
The project lies to the west of the Mt Holland lithium mine, south of the operating Marvel Loch gold plant, and southeast of the Edna May gold plant, which is currently on care and maintenance.
There are two main areas of gold mineralisation in the acquisition tenement package, Van Uden Group and Gold City. These were identified by past exploration drilling by previous owners: Convergent Minerals (ASX: CVG) and Kidman Resources (ASX: KDR).
The project has historic a Minerals Resources Estimate (MRE). This estimate, however, was reported in JORC 2004 and are therefore not in accordance with the JORC Code 2012.
TG Metals will use the historical MRE to form the basis for further confirmatory drilling, extensional drilling and bulk density analysis to enable a JORC 2012 compliant MRE to be calculated.
“This strategic acquisition provides TG Metals with an advanced gold project with opportunities for near term cash flow, at a time of record prices for gold,” TG Metals CEO David Selfe said in the company’s ASX announcement.
“It is located very near to our existing Lake Johnston lithium deposits, which allows opportunities for operational synergies for both of TG’s projects.
“The Van Uden Gold Project has historically only been subject to shallow drilling, providing enormous exploration upside through testing the known mineralisation down dip along its entire plus 2,000 metres strike length.
“There are several near-term high priority opportunities, including defining a JORC 2012 mineral resource estimate from the extensive historical database, and assessing the viability of existing ore stockpiles for toll treatment.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE