THE DRILL SERGEANT: Elementos Limited (ASX: ELT) claimed confirmation of extensions to both the Battery Tin-Copper Lode and deeper Foley’s Tungsten Zone at the company’s Cleveland tin project in Tasmania.
Elementos reported assay results from a recently completed reconnaissance diamond drill hole program that included:
Tungsten intercept of 14.2 metres at 0.36 per cent tungsten from 221m; and
Tin-copper intercept of 3.85m at 1.05 per cent tin and 0.28 per cent copper from 64.25m.
Foley’s Zone is one of two known deposits at Cleveland, the other being Battery Lode, that make up part of the project’s Mineral Resource.
“In just one hole, in an area with very little historical exploration, the company has made a significant development at the Cleveland project, extending both the Battery Tin-Copper Lode and identifying new tungsten mineralisation 150 metres above the existing Foley’s Zone,” Elementos managing director Joe David said in the company’s ASX announcement.
“This is firm evidence that the current Cleveland Mineral Resource and geological model does not fully encapsulate the immense potential of the deposit.
“We’ve shown further mineralisation exists, close to the current resource, closer to the surface and in very close proximity to historical underground mine production drives.
“Our four-hole drill campaign is now complete ahead of more assays to follow.
“We will now proceed with downhole geophysical surveys and further geological interpretation before designing a targeted follow-up drill program.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE