TNG to Begin Drilling at Mount Peake

TNG Ltd. (ASX:TNG) announced that it will soon be starting a new exploration drilling program at its Mount Peake iron-vanadium-titanium project in Australia’s Northern Territory. It plans to test three new magnetic targets.

As quoted in the press release:

Each new target has been inspected in the field and vanadium- and titanium- bearing magnetite noted on the surface at each locality.

Accordingly, TNG anticipates that the magnetic anomalies represent highly magnetic portions of additional “sills” which may be highly mineralised adding to the potential size of the Mount Peake Project.

Click here to read the full TNG Ltd. (ASX:TNG) press release.