Venture Minerals Declares Mount Lindsay Tin Discovery

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has claimed a new tin discovery at the company’s Mount Lindsay tin project in Tasmania.

Venture Minerals recently completed exploration drilling at Mount Lindsay on a priority tin target it had delineated along strike from the high-grade Renison Bell tin mine.

This drilling has intersected 16 metres of potentially tin bearing sulphide rich, magnetite skarn.

The new skarn discovery is located within the extension of the Renison Mine Sequence, host to one of the world’s largest and highest-grade tin mines.

The diamond drilling program undertaken by Venture was designed to test extensions of the Renison Mine Sequence, with drillhole ML337 specifically targeting a coincident electromagnetic (EM) and surface geochemical anomaly, favourably located on highly prospective carbonate units that typically dominate the Renison Mine Sequence.

ML337 intersected an alteration halo over 150 metres thick, containing a 16m wide skarn mineralisation zone dominated by magnetite and sulphides typical of those seen in the company’s adjacent Mount Lindsay Deposit, which it enjoys telling anybody listening is one of the largest undeveloped tin deposits in the world, containing in excess of 80,000 tonnes of tin metal.

“Immediate success from the first exploration drilling at Mount Lindsay since 2013, has seen the discovery of a substantial skarn system immediately along strike from one of the world’s most significant and high-grade tin mines (Renison Bell Mine) and adjacent to Venture’s Mount Lindsay tin deposit located within Australia’s premier tin district,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“The discovery of a potential new tin-bearing skarn system so close to the company’s flagship tin deposit delivers Venture an excellent opportunity to add to the already significant resource base at Mount Lindsay.

“Consumers and investors are becoming extremely focused on ESG-compliant sourcing of tin, Mount Lindsay is well positioned to meet this demand, being in a ESG compliant jurisdiction, with access to renewable hydropower, combined with the company’s commitment to minimizing its carbon footprint, through planned underground mining and processing strategies.”