Join our daily newsletter At The Bell to receive exclusive market insights
- Tambourah Metals (TMB) wraps up a maiden first-pass reverse circulation drilling program at its namesake gold and lithium project located about 200km south-east of Port Hedland in WA
- The program comprised 23 holes for an aggregate coverage of 2,527 metres, with the main drill targets along strike from and beneath historic workings
- Tambourah says the drilling “confirms” the presence of sulphides and quartz veins in the interpreted mineralised zones and expects the drilling results in about three months
- Tambourah says recent reconnaissance prospecting also encountered pegmatite rocks at several sites across the project area
- TMB shares steady at 28 cents
Tambourah Metals (TMB) has completed a maiden first-pass reverse circulation drilling program at its namesake gold and lithium project located about 200 kilometres south-east of Port Hedland in WA.
The program comprised 23 holes for an aggregate coverage of 2,527 metres, with the main drill targets along strike from and beneath historic workings.
Tambourah said the drilling “confirmed” the presence of sulphides and quartz veins in the interpreted mineralised zones within the barren amphibolite host rock.
Recent reconnaissance prospecting also encountered pegmatite rocks at several sites across the project area, according to the company, which added lithium exploration had not been carried out at the project previously.
“The successful completion of the maiden drill program at Tambourah marks a significant milestone for Tambourah Metals and we look forward to receiving the assay results,” Chairperson Rita Brooks said.
“Potential lithium bearing pegmatites have been identified across the Tambourah goldfield. Mapping and sampling for pegmatites will commence in the upcoming weeks.”
The company said it expected to receive the drilling results in about three months.
It intends undertaking a multi commodity and multi disciplinary exploration strategy at the project including an induced polarisation geophysical survey.
TMB shares were steady at 28 cents at 10:29 am AEST.
