Trigg Mining strengthens potash position by adding ground to Lake Rason project
Trigg Mining (ASX: TMG) has added more ground to its sulphate of potash (SOP) portfolio in Western Australia, announcing the grant of a new tenement adjoining its Lake Rason project (reports Small Caps).
23rd October 2020
Resources Rising Stars
(SOP) portfolio in Western Australia, announcing the grant of a new tenement adjoining its Lake Rason project (reports Small Caps).
The company had entered into an agreement to purchase exploration licence E38/3437 last December for $22,000, payable in shares upon grant, of which it today confirmed it has issued 116,402 fully paid shares for full 100% ownership.
The licence covers about 96.2sq km across the western end of Lake Rason and contains about 10km of additional strike at the higher-grade end of the lake.
Trigg said the additional ground has the potential to enhance the existing Lake Rason inferred mineral resource estimate, which currently totals 6 million tonnes at 5,080 milligrams per litre SOP.
The Lake Rason deposit is part of the company’s broader strategic plan for a SOP production hub, centred at its flagship high-grade Lake Throssell SOP project.
This latest acquisition follows Trigg’s announcement last month that it had lodged a new tenement application to potentially enlarge Lake Throssell to 937sq km.
In today’s update, Trigg said a maiden air core drilling campaign at the Lake Throssell project has been pushed back to November due to a “tight drill rig availability” in WA.
The company had previously advised that drilling would start at the beginning of October, but it is still waiting for the drill rig to complete the program it is currently working on before it can be mobilised.
The Lake Throssell campaign is designed to test the strong geophysical anomaly that defined a potential palaeovalley up to 6km wide in places and extending for around 46km under the granted and central Lake Throssell tenement.
The assays and geological data from this air core program will be combined with information from earlier hand-auger and rotary drilling programs (where 90% of the total holes drilled across the playa lake surface reported a maximum SOP grade exceeding 10,000mg/L) to be used to calculate a maiden inferred mineral resource for Lake Throssell.
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