Sky Metals Reports Resource Expansion Drilling Results from Tallebung Tin Project

THE DRILL SERGEANT: Sky Metals (ASX: SKY) reported results of a first phase of resource expansion and infill drilling recently undertaken at the company’s Tallebung project in New South Wales.

The Tallebung project covers the historic Tallebung Tin Mining Field at the northern extent of the Wagga Tin Belt within the central Lachlan Orogen in NSW, where SKY has defined a maiden mineral resource estimate (MRE) of 10.2 million tonnes at 0.18 per cent tin.

The company explained its recent drilling efforts were aimed at building to a critical mass resource target for mine scoping studies and potential future mining.

Assay results for 15 of the 25 holes competed at the Tallebung project have been received, and include:

TBRC059
19m at 0.27 per cent tin from 17m, including 5m at 0.83 per cent tin from 19m;

TBRC056
10m at 0.31 per cent tin from 68m, including 1m at 0.94 per cent tin from 69m; and

TBRC057
6m at 0.49 per cent tin and 40 grams per tonne silver from 34m, including 1m at 2.3 per cent tin and 83.8g/t silver from 35m.

Sky anticipates assays for the remaining 10 holes to be received over the coming weeks.

“The consistent nature of these results, combined with the extension of high-grade zones, will significantly grow an updated resource at the Tallebung project on receipt of all of the outstanding results,” SKY CEO Oliver Davies said in the company’s ASX announcement.

“SKY looks forward building on the Tallebung resource, continuing towards and growing the Exploration Target of 16-21 million tonnes at 0.16-0.2 per cent tin in the coming months.

“This will provide SKY with the ‘critical mass’ with which SKY can begin to release mine scoping studies.”