Tg Metals Limited
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Why is TG Metals Excited About the Lithium Discovery at Lake Johnston?
TG Metals Limited, an exploration company focused on lithium, has recently made an exciting discovery at the Lake Johnston Li-Ni-Au Project in Western Australia. The company has identified a significant lithium anomaly through their soil sampling activities, which indicates the presence of a potential lithium-rich deposit. This discovery, known as the Jaegermeister Prospect, is larger in scale than the previously discovered Burmeister anomaly and has sparked optimism for the company's future prospects.
Expanding the Search: Soil Sampling
TG Metals undertook detailed soil sampling in the area immediately east of the Burmeister pegmatite discovery, which was announced on October 30, 2023. Using a spacing of 400 meters by 50 meters, the company conducted infill and extensional soil sampling. The results of this sampling have revealed a new area of significant lithium anomalism, known as the Jaegermeister Prospect. This newly defined area stretches over 5.
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7 kilometers in length and 2. 3 kilometers in width, as depicted in Figure 2. The Jaegermeister soil anomaly is part of a major lithium geochemical trend that cuts across the Lake Johnston Greenstone Belt.
A Promising Geological Trend
What makes the Jaegermeister Prospect particularly intriguing is its geological similarities to the host lithologies at the Earl Grey lithium deposits, located approximately 105 kilometers to the west within the Southern Cross Greenstone Belt. The lithologies at Jaegermeister resemble those hosting the Earl Grey lithium mine, suggesting that there is a possibility of a comparable lithium-rich deposit at the newly discovered prospect. It is worth noting that the Earl Grey lithium mine has a substantial resource of 186 million tonnes with a lithium oxide (Li2O) grade of 1. 53% at a 0. 5% Li2O cutoff.
TG Metals' CEO Anticipates Future Success
David Selfe, the CEO of TG Metals, expressed his enthusiasm for the latest developments. He stated that the company has been considering deposit models based on the Earl Grey lithium mine area since the discovery of spodumene pegmatites at Burmeister. The lithologies found at Jaegermeister were always considered a target due to their similarities to the lithologies hosting the Earl Grey lithium deposits. The ongoing drilling operations at Burmeister will provide valuable information about the potential of the Jaegermeister area as another high-quality drill target for early 2024. The company is expecting assay results from Burmeister in the next two weeks, which will provide further insight into the project's potential.
The expanded lithium discovery at Lake Johnston offers promising opportunities for TG Metals as they continue their exploration efforts. If their assumptions hold true, they could uncover a significant lithium deposit comparable to the nearby Earl Grey mine. The ongoing drilling activities and the results from Burmeister will play a crucial role in shaping the company's strategy and future prospects.
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