TG Metals strikes high-grade remnant ore in first Tasman pit drilling

• TG Metals confirms remnant gold mineralisation below historical Tasman Pit in first drilling 
• The results add to the company’s near-term production strategy
• Resource infill and extensional drilling continues with ongoing results to follow over the coming weeks

Special report: TG Metals has struck a run of high-grade gold in its first round of drilling inside the old Tasman open pit at the Van Uden project in WA, and the grades are anything but modest. 

The shallow RC program was designed to test for remnant ore just beneath the existing pit floor and ramp, hitting paydirt with the delivery of 10m at 4.98g/t from just 1m, including 1m at 30.8g/t, along with a string of other thick, near-surface hits between 2–5g/t. 

The results suggest the pit can be extended at its base with minimal waste and also feed straight into the company’s near-term production strategy.

Extensional drilling across the broader resource will continue to year’s end ahead of a planned resource update in 2026.

The program was designed to infill the existing Tasman pit with enough new data to support an updated in-pit resource model, feeding mine design and upcoming mining approval applications over the remaining ore from an operation that ran from 1998 to 2000.

All reported assays sit within the pit limits, with accompanying figures mapping the collar positions and sections against historical drilling.

Drilling to bulk current resource  

“The extensional drilling of the broader Van Uden resource continues and we believe this program, which will run until the end of the year, will add materially to the current resource,” TG Metals (ASX:TG6) CEO David Selfe said. 

“The maiden drilling program at the Gold City prospect is also complete with results expected in the next week or two. 

“Excellent progress is being made at the project.” 

Van Uden sits within the emerging Forrestania Greenstone Belt in WA, a region rich with infrastructure. 

The project is only 90km by sealed road from Marvel Loch and another 124km to the southeast of Westonia where Ramelius Resources (ASX:RMS) continues to sit on the mothballed Edna May mill, with a couple other potential plants to the south as well. 

What else is happening? 

The very base of the Tasman pit was too wet to drill this round, but it has since dried and the team will fix access so a rig can get back in soon.

The new results will feed into an updated resource model beneath the pit, which will in turn drive the first pit design work for a low-strip extension aimed at topping up stockpiles for future toll treatment. 

Meanwhile, assays are still to come from the maiden Gold City holes, and infill and extensional drilling at Van Uden is ongoing, with a larger rig due on site later this month to test deeper down-dip targets that have never been drilled. 

Additional programs to test the full 6.5km strike of the Van Uden shear will take place as approvals land.

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.