Diversified explorer TNG Ltd has announce a new discovery of vanadium and titanium-rich magnetite mineralisation at its 100% owned Mt Peake Project, located 200km north-east of Alice Springs in the Northern Territory, Australia. The Mt Peake Project is located close to existing infrastructure including the Stuart Highway, 60km to the east, and the new gas pipeline just 20km to the east of the Mt Peake licence area. The magnetic feature has a strike length of between 2 and 5km and a width of 700m. Subject to positive results from the assay results and DTR test work, TNG intends to further evaluate the potential of this area to host both magnetite-vanadium-titanium and hematite mineralisation.
