Join our daily newsletter At The Bell to receive exclusive market insights
Trigg Minerals (ASX:TMG) has staked several unpatented lode claims (and 75 historically mined workings), completing the consolidation of the Tennessee Mountain mining district and leaving it with full control of the tenure.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Disclaimer: This content has been prepared as part of a partnership with Trigg Minerals Ltd and is intended for informational purposes only.
This Tennessee expansion brings the “Little Joe” mine and “Gribble” prospect under Trigg’s wing alongside the Apex, Knowles Bros, and Mohawk mines.
The “potentially transformative” move unifies all known tungsten across the U.S. region for the first time since work began there in the 1950s, leaving Trigg with the pick of the litter when it comes to high-grade targets.
“This elevates Tennessee Mountain from a high-grade prospect to a genuine district-scale critical minerals asset,” managing director Andre Booyzen declared today.
Complete control of all the key components across the extensive mineralised system leaves Trigg with clear next steps, Mr Booyzen explained: “Unify the district, systemically develop a large, modern, compliant resource, and work with the U.S. government… to position the project as a national security asset.”
“We’re no longer just validating old holes; we’re establishing the potential for a significant domestic source of tungsten for the U.S. economy. We have the data, the district, and now the strategy [to] help us realise its full potential.”
The newly acquired ground is contiguous with Trigg’s existing tenure and was originally assessed by the U.S. gov’t during the 1950s as one large system.
Historical work across the district back then coughed up selective high-grade tungsten samples, including 0.85% WO₃ from Gribble, and between 0.9% and 1.5% WO₃ at Little Joe through some early stage production.
Trigg is teeing up a three-phase work program for the expanded project area now that it’s all under the company’s control. This will include digitising all the older datasets and building a unified 3D geo-model.
Upcoming fieldwork will focus on verifying historical sampling sites, locating drill collars, and conducting modern channel sampling, Trigg wrote today.
A district-wide drill campaign is also being plotted, The Market Link understands.
TMG heads into Friday morning trade at 11.5cps.
Join the discussion. See what HotCopper users are saying about Trigg Minerals Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
