Elementos Hits More Tin with Final Oropesa Infill Drilling Assay

THE DRILL SERGEANT: Elementos (ASX: ELT) has hit further tin mineralisation zones at the company’s Oropesa tin project in Spain.

Elementos made the call after receiving assay results from the final infill drill hole from its 2022 Mineral Resource upgrade drilling program that was undertaken to upgrade the remaining Inferred Mineral Resources that sit within the 2022 Optimisation Study US$30,000/t pit shell.

Drill hole ADD_33 returned three noteworthy zones of tin mineralisation.

11.2 metres at 0.51 per cent tin & 1.37 per cent zinc from 86.2m;
4.6m at 0.34 per cent tin & 0.15 per cent zinc from 119.3m; and
20.2m at 0.18 per cent tin & 0.07 per cent zinc from 131.4m.

The company declared the final assay result as a positive end to a drilling program that had increased its understanding and level of confidence of the Oropesa Mineral Resource.

“Our geological team is well underway with updating and modelling this part of the Mineral Resource, with the aim of upgrading the targeted Inferred tonnes that reside within the 2022 Optimisation Study US$30,000 per tonne pit shell to the Indicated classification,” Elementos managing director Joe David said in the company’s ASX announcement.

“This would result in all tonnes within the pit shell being available for assessment when modifying the Mineral Resource (during the Feasibility Study) to JORC Ore Reserves.

“Our goal is to have the upgraded Oropesa tin project Mineral Resource Estimate released to the market during February, and the DFS completed before mid-year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE