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