- TG Metals (TG6) identifies several nickel sulphide targets on its Lake Johnston project in Western Australia
- The company engaged Southern Geoscience Consultants to collect and review historical geophysics for a 30 kilometer area as part of the project.
- Nine electromagnetic (EM) conductors have been identified with Eland Road, Highfield and Stamford Bridge considered priorities and 12 areas will undergo ground EM work to better define targets
- Work will begin early next month before TG Metals applies for heritage and environmental clearances to start drilling
- TG6 shares are trading in gray at 12 cents at market close
TG Metals (TG6) has completed a study covering a 30 kilometer area of the Lake Johnston project in Western Australia.
The company engaged Southern Geoscience Consultants (SGC) to perform the review of historical geophysical work since the early 1990s.
Positively, TG Metals has identified several priority targets south of the Maggie Hays and Emily Anne nickel deposits.
Specifically, nine electromagnetic (EM) conductors have been identified, three of which are considered ready for drilling. The three drill-ready targets include the Eland Road, Highfield and Stamford Bridge prospects.
Twelve areas have been identified as requiring additional ground-based EM with modern, high-powered EM work aimed at better defining targets at depth or differentiating nickel sulphide mineralization from sulphide sediments.
TG Metals has already committed EM ground crews who will begin work in early October and are expected to test up to 12 priority areas.
Exploration will initially focus on the BR02 and BR06 targets which lie in deep alteration zones and are covered by deep deposits of nickel and cobalt-rich laterite.
Following this, the company will advance heritage and environmental clearances to enable it to apply for a work approval program to drill the selected targets.
Shares of TG6 were trading in gray at 12 cents at market close.