Stellar Resources Limited (ASX:SRZ) has been awarded four exploration drilling co-funding grants totalling A$258,500 for exploration drilling of the North Scamander, Carbine Hill East, Evenden, and Razorback tin-base metals-critical minerals targets in Tasmania.
The grants awarded under Round Eight of the Exploration Drilling Grant Initiative (EDGI) programme of the Tasmanian Government are for the following exploration projects:
North Scamander Sn-base metals-critical minerals target – EL19/2020 ($70,000 grant) – One diamond drill hole (750m) planned to test the core of a regional scale magnetic anomaly, approximately 125m down dip of historic drilling hydrothermal breccia intersections with strongly anomalous tin, lead, zinc, and silver values.
The primary target (~375m depth) is higher grade breccia hosted or sheeted vein mineralization containing tin, silver, lead, zinc (+/-) indium near the core of the magnetic anomaly. The hole will also continue past the primary target to also test the roots of the breccia-hosted mineralization, targeting greisen style mineralization which may occur near the underlying inferred granite margin where tin, tungsten, lithium micas and other critical minerals such as tantalum and niobium may occur.
The target is also supported by strong stream sediment and soil tin geochemistry anomalies and surface rock chip results up to 1.07% Sn generated by an outcropping mineralized gossan over target.
Carbine Hill East Pb-Zn-Cu-Ag-Au VMS target – EL29/2022 ($55,500 grant) – One diamond drill hole (220m) planned to target a lead-zinc-copper-silver-gold VMS style deposit within the renowned Mt Read Volcanics which host the nearby Rosebery, Henty, Hellyer, Mt Lyell, Hercules, and Que River mines. The primary target is based on a strong EM anomaly identified from a high resolution airborne Electromagnetic survey flown in 2013 with a modelled Maxwell conductivity plate. The target is also supported by coincident and down slope zinc and lead soil and rock chip anomalies.
Evenden Pb-Zn-Cu-Ag-Au VMS target – EL29/2022 ($63,000 grant) – One diamond drill hole (300m) planned to target a lead-zinc-copper-silver-gold VMS style deposit within the Mt Read Volcanics. The primary target is based on a strong EM with a modelled Maxwell conductivity plate and is supported by anomalous zinc, lead and copper rock chip geochemistry results in the surrounding area.
Southern Extension of Mt Razorback Sn Mineralization – EL11/2017 ($70,000 grant) – An Exploration Target, in accordance with the JORC Code 2012, of 180,000t to 220,000t @0.8 – 1.0% Sn remaining in the Razorback Mine deposit was defined by Stellar in 2019 based on historical drilling. One diamond drill hole (550m) is planned to test for continuity of mineralisation ~380m below and ~230m south of the remaining Razorback Mine Exploration Target, where the deposit plunges steeply to the south. A secondary target is the potential for the Critical Minerals tungsten, indium, antimony, cobalt, and chromium to occur in association the tin mineralization.
“We are very pleased that the Tasmanian Government has shown its support for co-funding of exploration drilling costs on these four priority exploration targets which we plan to drill over the coming year,” Executive Director, Gary Fietz, said.
For further information please visit: https://www.stellarresources.com.au/
