TG Metals on track to extend Van Uden gold resource

• Drilling results from the past are set to add to the existing historical 2004 JORC resource at Van Uden 
• Records show drilling intersected considerable shallow, high-grade mineralisation
• An MRE update is expected to be completed by the end of May 

Special report: A resurvey of legacy drilling at TG Metals’ Van Uden gold project in WA is expected to contribute to an update of the 5.378Mt historical 2004 JORC resource. 

The drilling is being restated following a resurvey of drill collars by TG Metals (ASX:TG6) with an accuracy sufficient for resource modelling. 

Updated data is being incorporated into JORC 2012-compliant resource modelling, which is well underway and expected to be completed later in May.

Notably the drilling carried out between 2020 and 2024 tested the down dip continuity of the gold mineralisation, including high-grade intercepts that have not been incorporated into the resource models. 

Highlights include 8m at 1.64g/t gold from 56m, 14m at 2.72g/t gold from 69m and 8m at 5.45g/t gold from 93m, with the drilling intersecting shallow high-grade mineralisation and improving continuity. 

Van Uden’s untapped potential 

At the end of April, TG6 finalised its 80% acquisition of the Van Uden project, paying Montague Resources $2.5 million in cash and issuing over 5.7 million shares under a 12-month escrow.

The company sees strong potential in the project, which spans four mining leases situated 90km ENE of Hyden and 120km south of Southern Cross in WA. 

These leases are also close to the producing Marvel Loch and mothballed Edna May gold processing plants.

Van Uden has recorded historical production of 11,142oz of gold from the Tasman and Diemens open pits as well as surface gold-bearing laterites, providing confidence that a gold system is present.

‘Continuous gold over a 2.5km strike’ 

TG6 CEO David Selfe said this recent drilling confirms the continuity of the gold mineralisation system down dip and along strike. 

“It supports a simple model with continuous gold mineralisation over a 2.5km strike,” he said. 

“Based on the significant amount of historical drilling, our team is well advanced with the updated 2012 JORC compliant resource model. 

“Plans for the drill testing of existing mine stockpile is also progressing well, with the company looking to pursue early production opportunities.” 

What now? 

A Program of Works (POW) has been submitted for drilling of the historical past mining stockpiles. 

The chosen method is sonic drill core to enable the acquisition of samples suitable for metallurgical as well as analytical analysis. 

Accurate volume determinations will also be required, and aerial LiDAR surveys have been booked. 

The drilling of the stockpiles is expected to be completed before mid-year. 

Watch: Striking gold at Van Uden

This article was developed in collaboration with TG Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.