Elementos Limited (ASX: ELT) has commenced a 1,590m diamond drilling campaign over nine holes at its Oropesa Tin Project in Spain, following the success of its 2021 programme which concluded in the announcement 1 of a 50% increase to Mineral Resources.
Elementos’ 2022 programme has two clear objectives:
- Infill drilling designed to convert the remaining Inferred Resources sitting within the proposed US$30,000/t mining pit shell (6% of 15.5Mt 2022 Production Target) identified in the project’s Optimisation Study to a targeted minimum category of Indicated; and
- Exploration drilling to test possible mineralised extensions to significant open ended mineralisation trends (outside the current Mineral Resource) identified in the 2021 drilling campaign.
Infill drilling, and subsequent Mineral Resource Estimate update, is planned for completion before the finalisation of the Definitive Feasibility Study (DFS) mine planning to ensure these tonnes can be considered during the assessment of Ore Reserves. The DFS is currently forecast for completion in Q1 CY2023.
Zone A
The initial area for follow-up investigation in this program is the possible extensions to the shallow, near surface mineralisation towards the south-eastern end of Oropesa’s mineral resource.
Zone B
Elementos completed a geotechnical drilling program in early 2022 which returned some significant intersections of tin, copper and zinc mineralisation located outside the boundaries of the current mineral resource.
Significant results from a drill hole (SGT 04) are located within Zone B. Drilling will investigate a potential northwest extension to the known mineralisation.
Zone C
A second area of immediate interest that resulted from the recently completed geotechnical drilling program is located adjacent to the north-central region of the mineral resource (Zone C).
Drill hole SGT_13B intersected a significant zone of tin, copper and zinc at the margins of the current mineral resource.
This mineralisation trend is open to the northwest and will be investigated further during the exploration drilling component of the programme.
For further information please visit: https://www.elementos.com.au/
