Date: Sep 17, 2018
Exploration company Tando Resources (ASX: TNO) has intersected a mineralised unit in the first two holes of its maiden drilling campaign at the SPD vanadium project in South Africa.
The first diamond drill hole (VDD001) intersected the mineralisation between 32 metres and 49m downhole, while the first RC drill hole (VCR001) intersected it from surface.
Comprising a series of magnetite layers established as the host rock for the vanadium mineralisation at SPD, the intersected mineralisation is based on visual identification of magnetite in diamond core and RC chips.
Both drill holes are close to historical holes which have returned high-grade vanadium whole rock assays and generated “excellent vanadium grades” in magnetic concentrate.
Tando managing director Bill Oliver said the intersections have been a promising start to the campaign.
“The first two holes mark the ideal start to our drilling program due to their correlation with historic drilling results and we look forward to strong results continuing through the rest of the program,” he said.
Proximity to historical holes
Hole VDD001 is located 150m from historical drill hole SPD014 which returned whole rock/pre-concentrate assays of 25 metres at 0.67% vanadium oxide, with samples from the same interval generating a magnetic concentrate grading 1.99% vanadium oxide.
VDD001 is also 170m from historical hole SFR008, which returned assays of 44m at 0.66% vanadium oxide and generated an “outstanding magnetic concentrate grade” of 2.26% from the same interval.
Hole VRC001 is 150m from historical hole SFR007, which returned strong assays of 22m at 0.80% vanadium oxide and a magnetic concentrate grading 2.03%, and 150m from historical hole SFR009, which returned assays of 23m at 0.65% vanadium oxide and a magnetic concentrate grading 2.20%.
