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TG Metals (ASX:TG6) has confirmed its latest drilling at Jaegermeister in WA returned high grade lithium. The company highlighted a best hit of 2.68% lithium oxide.
Reverse circulation drilling at the project sunk 19 holes for 3,450m. Multiple assays returned spodumene-bearing pegmatite intersections; spodumene auctions are what drove Pilbara Minerals to fame.
TG Metals reported the following on Friday:
- 10m @ 1.19% lithium from 73m depth
- 06m @ 1.38% lithium from 76m depth
- 03m @ 1.22% lithium from 49m depth
Hard rock pegmatites were also discovered on-site with TG Metals reporting Jaegermeister demonstrates a “similar size extent to Burmeister.” A seismic survey has TG’s geotechs hopeful the company may have sniffed out fresh pegmatite targets further still.
“These are outstanding results for the initial drilling on Jaegermeister. It provides confidence that we have at least two areas of high grade lithium mineralization at Lake Johnston and further enhances the potential for a standalone spodumene lithium project for TG Metals,” TG Metals CEO David Selfe said.
“Multiple lithium pegmatites have been defined at Jaegermeister, at relatively shallow depths displaying size characteristics very similar to the nearby large Burmeister deposit.”
TG6 last traded at 14cps.
