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TG Metals Identifies New Lithium Soil Anomalism

13 November 2023 13:16

TG Metals Limited (ASX:TG6) continues to make significant strides in its exploration of the Lake Johnston Lithium, Nickel and Gold Project located in Western Australia, announcing follow up infill and extension soil sampling across the recently reported pegmatite has yielded a new area of lithium in soil anomalism, greater than the previously reported Burmeister soil anomaly.

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Figure 1: Simplified Geology with prospect locations

Follow -Up Soil Sampling

In July, the Company defined the Burmeister lithium soil anomaly, located within the Lake Johnston Project, which covers an area of 4.5 kilometres by 1.7 kilometres.

The initial drilling of this anomaly yielded significant lithium results, sending TG Metals share price rocketing 252%.

The drilling identified substantial lithium soil anomalies intersecting high grade mineralisation up to 2.28% Li2O.

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Table 1: Significant RC drilling pegmatite intercepts >0.5% Li2O, downhole widths are approximate to true widths. Pegmatite samples include both fresh and weathered (lithium depleted) samples.

On the back of excellent results, TG Metals began an infill and extensional soil sampling program with 400 metre by 50 metre spacing, over the area immediately east of the discovery of a spodumene rich pegmatite at Burmeister.

These results have subsequently led to a new discovery of lithium in soil anomalism, identified as the Jaegermeister Prospect, which is estimated to be larger in scale than the originally identified Burmeister soil anomaly.

The Jaegermeister Prospect

The Jaegermeister +100ppm Li2O soil anomaly is 5.7 kilometres in strike and 2.3 kilometres in width and forms part of a major lithium geochemical trend that crosscuts the Lake Johnston Greenstone Belt.

TG Metals reports that Jaegermeister has similar lithologies to the sequence that hosts the Earl Grey lithium deposits, 105 kilometres to the west, which holds a resource of 186 million tonnes at 1.53% Li2O at a 0.5% Li2O cutoff.

Follow-Up Exploration

TG Metals has outlined an initial drilling program is currently being planned, awaiting approvals, to target this newly identified anomaly, anticipated to commence in the first quarter of 2024.

Aboriginal heritage surveys will be conducted over proposed drill lines designed and targeted flora and fauna surveys will be completed in conjunction with a Program of Work to be submitted for the proposed drilling program.

Further infill soil sampling to refine drill locations and test unexplored ground to the south will additionally be conducted late this month.

Company Comments

TG Metals Chief Executive Officer David Selfe commented on the promising results.

“Since the discovery of the spodumene pegmatites at Burmeister, the deposit models we have been considering have been based on the Earl Grey lithium mine area,” he said.

“With this in mind, the lithologies at Jaegermeister, were always going to be a target. The current drilling at Burmeister, targeting up dip, down dip and along strike of the known high grade lithium pegmatites, will provide knowledge we can apply to the Jaegermeister area and provides us with another quality drill target for early 2024.”

“We are eagerly anticipating the next drilling results from Burmeister which we expect assays back in the next 2 weeks.”

TG6’s Australian Stock Exchange-listed share price has risen 16.853% and is currently trading at $1.040 (1:15pm UTC+ 8 hours).

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