TNG Limited (ASX:TNG) announced significant new drilling will commence at its Mount Peake Vanadium-Titanium-Iron Project, located in Northern Australia.
As quoted in the press release:
The forthcoming drilling program will comprise 7,000m of diamond and RC drilling and is designed to extend the resource to the east by converting some of the current Exploration Target to JORC resources, as well as to upgrade the existing resource to the JORC Measured category.
TNG’s Managing Director, Mr Paul Burton, said:
We have decided to undertake additional drilling at Mount Peake to extend and upgrade the resource. This will further enhance and strengthen the project as we move towards a decision on a Definitive Feasibility Study later this Quarter.