Tanzania – Following a US$2.3 million funding partnership with mining-focused private equity firm Tembo Capital, Strandline Resources has kicked off an aggressive exploration and resource building campaign.
Strandline Resources MD Tom Eadie says that the campaign will focus on delivering high value heavy mineral sands projects capable of economic development, even in low commodity environments.
“The exploration target to be defined during the intensive exploration programme is comparable to resources defined at nearby operating mines, giving us confidence we are heading in the right direction,” Eadie notes.
With funding now in place, Strandline’s exploration team is mobilising the necessary expertise and equipment, and are preparing for the start of a busy field season.
The exploration campaign Includes:
- Resource extension aircore (AC) drilling between and along strike from the high grade deposits already defined within the 20km long Tajiri Mineralised Corridor where the company has already defined an indicated resource of 59 Mt grading at 3.7% total heavy mineral for 2.2 Mt of contained heavy mineral.
- Maiden AC drilling programmes at the Tongani and Pangani prospects within the Tanga South project targeting additional high grade discoveries at Tongani and Pangani
- A first pass drilling programme at Tanga North of about 1 500 m, which is planned to search for areas of high concentrations where previous sampling has indicated that the amount of rutile, as a percentage of the heavy mineral concentrate, is unusually high at about 17% rutile plus about 6% zircon.
- Detailed aeromagnetic survey extending across all prospective tenements (aside from Tanga South, which has already been flown) using flight lines varying from 100m to 200m apart and a flight height of 30m. A total of approximately 20 000 line km have been planned for this extensive aerial magnetic, radiometric and topographic survey.
Tajiri Mineralised Corridor exploration target
With the completion of the initial AC drilling programmes at the Tajiri prospects late last year, Strandline has been able to determine an exploration target estimate of the exploration potential for the remainder of the undrilled portion of the 20 km long mineralised corridor.
The exploration target is an estimate of potential where there has been insufficient exploration for mineral resource estimation.
The company has defined an exploration target of 100 Mt to 270 Mt at 3% to 5% total heavy minerals, not including the current indicated resources of 59 Mt grading at 3.7% heavy minerals already identified in this corridor.
Strandline will be undertaking 4 000 m to 5 000 m of AC drilling across these exploration targets to test their validity. The drilling will be utilising 400 m to 1 600 m spaced drill lines with drill holes located every 200 m along the lines.