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Tsodilo Resources Limited: New Drilling Results For Block 2a Confirm Significant Upgrade Potential Of The Xaudum Iron Formation
TORONTO, ON / ACCESSWIRE / July 7, 2021 / Tsodilo Resources Limited ("Tsodilo" or the "Compa...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited: New Drilling Results For Block 2a Confirm Significant Upgrade Potential Of The Xaudum Iron FormationTORONTO, ON / ACCESSWIRE / July 7, 2021 / Tsodilo Resources Limited (\"Tsodilo\" or the \"Company\") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that its advanced evaluation program on the Xaudum Iron Formation (XIF) project is progressing as planned. Drill and assay results confirm that Block 2a located 10 kilometers south of Block 1 is a continuation of the same Block 1 magnetite rich units which will result in a significant increase in the resource tonnage for the XIF project upon completion of the Block 2a drill program.Assay Results for 10 holes drilled in Block 2a show the following:Ten (10) evaluation drill holes were drilled within the Block 2a area of the XIF totaling 2,046.40 meters;1,197.70 meters of highly magnetic magnetite rich iron mineralization of the same type as seen in Block 1 were intersected;Drilling results indicate that Block 2a contains the same three magnetite resource lithological units that are seen in Block 1 with the following average grades;35.6% Fe is the average Block 2a grade of the major Banded Magnetite BIF unit coded MBA (inclusive of weathered material);35.5% Fe was the average Block 1 grade for MBA;25.1% Fe is the average Block 2a grade of the major Magnetite Diamictite Schist unit coded DIM (inclusive of weathered material);20.8% Fe was the average Block 1 grade for DIM;25.0% Fe is the average Block 2a grade of the minor Magnetite Garnet Schist unit coded MGS (inclusive of weathered material);22.1% Fe was the average Block 1 grade for MGS;These results confirm that the units in Block 2a are a continuation of the same magnetite rich iron formation 10 kilometers south of Block 1;Based on metallurgical Davis Tube Recovery (DTR) magnetic separation (P80 of 80 micron) results for Block 1, a general average high-grade iron concentrate of 66 - 67% Fe and above can be expected from Block 2a;Block 2a will represent a significant increase in the XIF resource tonnages as it is of a similar size to Block 1.Assay ResultsXRF assays results have been returned from ALS Chemex for ten (10) drill holes from Block 2a totaling 755 samples consisting of 1,197.70 meters of intersected mineralization showing significant magnetite rich resource material of the same type as se...