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Mining industry

TG Metals Limited Advances Exploration Activities at Van Uden Gold Project

Strategic Insights

— 2 min read

TG Metals Limited has announced updates on exploration activities at the Van Uden Gold Project, with a focus on grade control drilling and resource extension drilling. The goal of this drilling is to improve the resource classification, expand the shallowly tested Van Uden resource, and convert Inferred resources to Indicated. The company has also announced plans to drill test the newly defined gold in soil anomaly along the Van Uden shear and drill targets along this expanded strike length. The project has shown significant potential for growth from its current resource base, with the company targeting the shallow parts of the deposit first and then moving into the deeper down dip extensions.

Key Takeaways:

  • TG Metals Limited has initiated grade control drilling within the historic Tasman Pit to improve resource classification and pit design studies.
  • The company aims to expand the shallowly tested Van Uden resource and convert Inferred resources to Indicated through resource extension drilling.
  • A second drill rig is on its way to the site to accelerate resource drilling and testing of the Van Uden shear.
  • The project has shown significant potential for growth from its current resource base, with plans to drill test the newly defined gold in soil anomaly along the Van Uden shear.
  • The gold in soil anomaly is 6.5km long and has identified accessible drill targets along its strike length.
  • The company has plans and approvals in the pipeline for drilling at the Gold City prospect, 20 kilometers south of Van Uden.
  • Additional POW applications are being submitted for drilling on the Van Uden shear and the Gold City prospect.
  • TG Metals CEO, Mr. David Selfe, stated that the project has enormous potential to grow from the current resource base and that the drilling will lead into an update of the resource model (MRE) in early 2026.
  • The company is targeting the shallow parts of the deposit first and then moving into the deeper down dip extensions.
  • Two drill rigs on site allow for optionality for drilling locations to maintain a steady flow of drill sample results.

Statistics:

  • The Van Uden Gold Project consists of an Indicated and Inferred Mineral Resource of [1.23Mt @ 1.4g/t Au] (Table A).
  • The project lies on four granted mining leases, four granted exploration licences, one exploration licence application, and two miscellaneous licences (for haul roads).
  • The Mineral Resource statement conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition.
  • The cut-off grade is 0.35 g/t Au, with operating costs typical for Australian open pit extraction deposits of a similar scale and geology.

Sources:

  • TG Metals Limited (ASX:TG6) - ASX Announcement
  • TG Metals Limited - Press Release (no date provided)
  • Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition - no date provided
  • The Sydney Morning Herald (no date provided)

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