#ASXNews
Record High-Grade Tin Intersection from Severn Deposit at Heemskirk
Stellar Resources is pleased to report first #drilling results from the ongoing drill program at its Heemskirk #Tin Project in Western Tasmania.
• Results received from first two holes of the 2024 drill program at the Heemskirk Tin Project.
• Drilling is targeting the Severn and Queen Hill deposits upgrading Inferred resources to the Indicated category and testing for extensions to the 2023 Mineral Resource Estimate (MRE).
• At the Severn deposit, drillhole ZS166 has returned multiple high-grade zones of mineralisation downhole including the best intercept on record on a grade thickness basis (Sn%m). Results included:
o 20.9m @ 1.97% Sn from 431.0m including; 14.8m @ 2.40% Sn from 437.1m, and includes, 5.9m @ 3.36% Sn from 437.1m
o 4.0m @ 1.67% Sn from 510m
o 6.0m @ 1.63% Sn from 522m
o 5.0m @ 1.70% Sn from 533m including 1.0m @ 7.34% Sn from 533m
• Significantly, the intersections are within the Inferred category of the 2023 MRE and have returned significantly higher grade and thickness than predicted by the current Mineral Resource model.
• Mineralisation remains open down plunge with the nearest hole a further 145m down dip.
• At Queen Hill, drillhole ZQ165 confirmed northern extension for follow up, returning:
o 4.0m @ 0.52% Sn from 310.0m
• A total of 8 holes for 3600 metres have been completed to date of the planned 24 hole 9,500m drill program, as part of the prefeasibility study now underway.
• A Geophysical crew is mobilising to site in early December to complete fixed loop surface and down hole electromagnetic (DHEM) surveys at Severn and Queen Hill as part of the resource expansion program.
#SRZ Managing Director Mr Simon Taylor commented:
“The record intersection in the first results from our prefeasibility drilling program is outstanding and emphasises that Heemskirk is a large tin system with all the hallmarks for development into a world class, long-life tin operation. Our recent base case Scoping study confirms a 10-year mine life utilising only the Indicated resources from our MRE, which is likely to grow substantially when we update our resource in 2025.
“We currently have 3 drill rigs onsite aiming to upgrade the substantial Inferred material to the Indicated category and to explore for extensions to the system with a down hole electromagnetic survey commencing next month. In tandem, our prefeasibility and baseline environmental studies are progressing well. We look forward to providing further updates on prefeasibility activities, including drilling results, ore sorting and metallurgical results, as they come to hand.”
See the full announcement: https://loom.ly/g_ssAL8
#StellarResources #ASX #Mining #exploration
Lecturer at Curtin University
2moThanks for hosting us onsite. I believe this experience is invaluable for the students.