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Why has Drilling on Burmeister Lithium Resumed? — ASX:TG6| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$TG6
Why has Drilling on Burmeister Lithium Resumed?
TG Metals Limited (TG Metals), an Australian metal exploration company, is excited to announce the recommencement of drilling activities on the Burmeister lithium discovery at the Lake Johnston Li-Ni-Au Project. The company has obtained the necessary approvals for Phase 2 drilling on the Burmeister lithium soil anomaly, following a successful Phase 1 program that yielded high-grade spodumene pegmatite intercepts.
Phase 2 Drilling Plan
The Phase 2 program will involve drilling 13 reverse circulation (RC) drillholes, covering a distance of 4,000 metres. These drillholes will be positioned at extensional angles of 60 degrees to the east, with an additional diamond core tail of 30 to 40 metres on a previously drilled RC hole (TGRC0009). The aim of this program is to target both up dip and down dip extensions of known pegmatite positions, as well as test along strike and extensional positions in the north, south, and west within the 4.5km by 1.7km
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Burmeister lithium soil anomaly.
Timeline and Further Plans
The Phase 2 drilling program is expected to last approximately three weeks, with samples being submitted to the lab on a weekly basis. As data is collected and analyzed from the Phase 2 program, the company will fine-tune the Phase 3 drilling plan to continue immediately after the completion of Phase 2.
Insight from TG Metals CEO
Mr. David Selfe, CEO of TG Metals, emphasized the importance of the second phase of drilling, stating, "We are in a unique position of being able to move quickly to this next stage. It's crucial that we maintain our targeted approach to exploring this significant lithium pegmatite system and further enhance our understanding of its size and quality." He also assured shareholders that the company will provide regular updates on drilling results and other exploration activities at the Lake Johnston project throughout the remainder of the year.
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L
Lykeshares
153d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
153d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
1y
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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