TG Metals (ASX: $TG6) provides update on Burmeister lithium discovery

TG Metals Limited (TG Metals) (ASX: $TG6) has released an update on the exploration drilling activities at the Burmeister prospect at the Lake Johnston Li-Ni-Au Project. The initial assays from the 2024 Burmeister drilling program have confirmed significant high grade spodumene lithium discovery, with the best intercept to date of 23.5m @ 1.52%Li2O. The company has completed 2,848m of reverse circulation (RC) and 821m of diamond core drilling (DD) at the Burmeister lithium discovery, with further RC drill assay results expected in the coming weeks.

Executive Commentary on Burmeister and Jaegermeister Prospects

TG Metals CEO, Mr. David Selfe, expressed satisfaction with the initial results from the 2024 drilling, confirming Burmeister as a significant high grade spodumene lithium discovery with excellent potential as a near term major deposit. The drilling program has provided sufficient core sample for the first round of metallurgical testwork, which will contribute to the planning for resource drill out at Burmeister. Additionally, the company is progressing well with approvals for the upcoming maiden drilling program at Jaegermeister, and plans to conduct wider soil anomaly testing with seismic geophysics to inform the lithium pegmatite geological model and drill targeting.

Summary of TG Metals' Exploration Update

TG Metals' exploration update confirms the significant high grade spodumene lithium discovery at the Burmeister prospect, with the best intercept to date of 23.5m @ 1.52%Li2O. The company is progressing towards the maiden drilling program at Jaegermeister and continues to demonstrate grade continuity and fractionation in the thicker pegmatite intercepts. The next steps involve completing flora and fauna and heritage surveys, recommencing drilling at Jaegermeister and Burmeister, and evaluating the Tay prospect for defining near term lithium targets. The company's forward-looking statements emphasize the inherent risks and uncertainties associated with exploration activities and the potential for variations in reserves, grade, and project parameters.