TG Metals’ Gold City Soil Assays Signal Potential Resource Expansion Risks
TG Metals Limited has identified three compelling new gold anomalies at its Gold City prospect, part of the Van Uden Gold Project in Western Australia, setting the stage for imminent drilling campaigns.
- New soil assays define three gold anomalies at Gold City prospect
- Historical drilling results restated, confirming significant gold mineralisation
- Gold City located 20km south of Van Uden gold deposit within Forrestania greenstone belt
- Upcoming drilling planned post capital raising to test new targets
- Potential to expand Van Uden resource base ahead of production
Exploration Breakthrough at Gold City
TG Metals Limited (ASX – TG6) has announced promising new exploration results from the Gold City prospect, a recently acquired asset within its Van Uden Gold Project in Western Australia. Located approximately 20 kilometres south of the established Van Uden gold deposit, Gold City has emerged as a significant new focus area following detailed soil sampling and a restatement of historical drilling data.
The company’s latest soil assays, conducted on a refined grid pattern, have delineated three distinct gold anomalies. These anomalies are supported by historical drill intercepts that include notable grades such as 25 metres at 1.09 grams per tonne gold and 14 metres at 2.26 grams per tonne gold. The combination of new and historical data provides compelling targets for TG Metals’ upcoming drilling programs.
Strategic Location and Geological Context
Gold City lies within the Forrestania greenstone belt, a region known for its gold endowment and proximity to major mining operations. The prospect is situated west of the Forrestania Shear, a significant structural feature, and near a magnetic ultramafic unit that appears to control gold mineralisation. Sparse outcrop in the area necessitates drilling to fully understand the lithological sequence and mineralisation controls.
The soil sampling program employed fire assay techniques to detect low-level gold concentrations, with samples collected on grids ranging from 100 by 200 metres to more detailed 50 by 50 metres in high-potential zones. This methodical approach has expanded the footprint of gold anomalism around historical workings, enhancing confidence in the prospect’s potential.
Next Steps and Market Implications
Following a recent capital raising, TG Metals is positioned to commence drilling at Gold City promptly. CEO David Selfe highlighted the significance of these results, noting that the new soil anomalies are analogous to positive indicators already seen at Van Uden’s central gold zone. The company views this as a strategic opportunity to add to its resource base and advance towards production.
While the announcement stops short of declaring resource upgrades, the identification of multiple new targets within a well-established gold belt underscores the potential for meaningful growth. The market will be watching closely as drilling results emerge, which will be critical in validating the exploration success and shaping the project’s development trajectory.
Bottom Line?
TG Metals’ new gold targets at Gold City could redefine the Van Uden Project’s resource outlook as drilling looms.
Questions in the middle?
- How soon will TG Metals commence drilling following the capital raising?
- What are the expected timelines for assay results from the upcoming drilling campaigns?
- Could the new gold anomalies at Gold City materially increase the Van Uden resource base?
