Consolidated Tin confirms potential to add to Mt Garnet resource
THE DRILL SERGEANT: Australian tin exploration and development company Consolidated Tin Mines (ASX: CSD) has received assay results from the latest phase of drilling conducted at the Pinnacles deposit at the company’s Mt Garnet tin project near Cairns in Queensland.
The drilling commenced at the Pinnacles deposit in August and concluded in September.
Consolidated Tin said it was pleased with the results from this drilling program, claiming they confirm Pinnacles has the potential to add additional Resources to the Mt Garnet tin project.
Best results from the included:
– 6 metres at 1.84 per cent tin and 10 metres at 1.19 per cent tin.
This phase of drilling was designed to define additional zones of tin mineralisation from drill targets outside the existing Resource area at Pinnacles, which were generated from previous drill programs and historical exploration data.
The Pinnacles deposit also contains significant Fluorine in addition to tin and iron.
Consolidated tin said current test work indicates this can be separately recovered within the circuit.
“Exploration programs at the Pinnacles deposit continue to return indications of potential Resource expansion,” Consolidated Tin managing director Ralph De Lacey said in the company’s announcement to the Australian Securities Exchange.
“The volume of tin mineralisation at the deposit continues to expand.
“Numerous near surface targets have been identified, fitting with the company’s low-cost open pit mining model.
“The Pinnacles deposit may also have a significant fluorine by-product in addition to the iron by-product common of the Mt Garnet tin skarn deposits.
“It is proposed that the Pinnacles deposit would come into production after an initial three to four years mining of the Gillian deposit.”
The Mt Garnet Tin project comprises three main deposits: the Gillian, Pinnacles and Windermere/Deadmans Gully deposits.
Key project map. Source: Company announcement
The Mt Garnet project has a total JORC Mineral Resource of 7.3 million tonnes at 0.6 per cent tin, which includes 1.2 million tonnes at 0.82 per cent tin in the Measured category at the Gillian deposit.