Big Wilson kicks tin on debut for Venture

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THE DRILL SERGEANT: Venture Minerals has claimed a new high-grade tin discovery located six kilometres from the company’s Mt Lindsay tin/tungsten project in northwest Tasmania.

 

Big Wilson location map. Source: Company announcement

 

The first drill hole carried out by the company targeting the new Big Wilson prospect intersected 47m of tin mineralisation including the following high-grade intersections:

–    35.4m at 1 per cent tin, including 17.4 metres at 2 per cent tin, including 4 metres at 5.6 per cent tin.

Venture said the Big Wilson discovery follows recent surface mapping and sampling, with which the company had identified a 1,100m long soil anomaly coincident with a marble unit.

Having a limited budget for two reconnaissance drill holes, Venture decided to target the northern section of the anomaly and intersected nearly 50m of tin mineralisation from 130m (vertical) below surface.

“The grade and style of mineralisation in this discovery hole can only be described as world class,” Venture Minerals managing director Hamish Halliday said in the company’s announcement to the Australian Securities Exchange.

“To put the discovery into context, Venture drilled 134 diamond holes at Mt Lindsay before we intersected mineralisation as good as this and we have achieved this result at Big Wilson with the first drill hole.

“Obviously this is only the first hole, but the combination of high-grade skarn style mineralisation and, typically large tonnage, greisen style mineralisation, suggests there is potential for a very important new discovery.

“Big Wilson could be analogous with Tasmania’s great tin discoveries of the past, which would be a major milestone for northwest Tasmania.

“In addition, the high-grade nature of the discovery opens up significant depth opportunities, as these grades would be amenable to underground mining.”

Venture said the Big Wilson discovery highlighted the potential of the greater Mt Lindsay area, the majority of which it explained has been grossly underexplored.