TG1 February exploration update
Our $5.6M capped exploration Investment TechGen Metals (ASX: TG1) just put out an exploration update.
TG1 is gearing up to drill its Ida Valley lithium project in WA in a few months.
We are Invested in TG1 because it has a lTG1 ow market cap which could re-rate much higher IF the company is able to make a new WA lithium discovery.
Here are our key takeaways from today’s announcement:
- Update on TG1’s Ida Valley lithium project.
The most interest news today was from TG1’s “Central Prospect”.
TG1 said that it had “identified 5 massive pegmatites not previously sampled or recorded”
![TG1’s Ida Valley lithium project](https://sdcms-prod.s3.ap-southeast-2.amazonaws.com/images/paste.03b09de34f44b2e3e2f1c23b3dcc07b5.width-800.png)
Up until now, most of the outcrop has been from TG1’s Northwest and Southern prospects so picking up pegmatites at the central prospect is a good sign going into TG1’s maiden lithium drill program here.
![image2](https://sdcms-prod.s3.ap-southeast-2.amazonaws.com/images/paste.6452f1d0ceefbdb4e5489d613f451481.width-800.png)
- Uranium anomalies being followed up at WA Mt Boggola project
TG1 also mentioned it would look at field mapping its Mt Boggola project where there is potential for uranium mineralisation.
![Uranium anomalies being followed up at WA Mt Boggola project](https://sdcms-prod.s3.ap-southeast-2.amazonaws.com/images/paste.bf2b4a40df8eb59838f67088fab0fb80.width-800.png)
- Mapping/sampling at Station Creek WA Copper/Gold project -
Finally TG1 also confirmed it would run a mapping/sampling program at its Station Creek copper/gold project right after drilling its Ida Valley lithium project.
What’s next for TG1?
Drilling at Ida Valley lithium project 🔲
TG1 has permitting in place for its upcoming RC drill program.
TG1’s plan is to drill ~20 holes for 3,000m across its northwestern, central and southern target areas.