Elementos Limited (ASX: ELT) has confirmed major extensions to both the Battery Tin-Copper Lode and deeper Foley’s Tungsten Zone at its Cleveland Tin Project in Tasmania.
The company has received promising assay results from its recently completed reconnaissance diamond drill hole programme at Cleveland:
- Tungsten intercept of 14.2m @ 0.36% WO3 from 221.0m
- Tin-copper intercept of 3.85m @ 1.05% Sn & 0.28% Cu from 64.25m Battery Lode and Foley’s Zone are known deposits at Cleveland that make up part of the project’s Mineral Resource.
- Drilled to a depth of 300m, drill hole C2119 targeted an untested zone between northeast dipping and southwest dipping limbs of the historical underground mine workings at Cleveland and its current JORC 2012 compliant mineral resource
Following these assay results, an additional 59 samples have been taken from the C2119 core and sent for additional assays.
Managing Director, Joe David, said two separate intersections from a single reconnaissance hole was a rewarding return for the programme thus far.
“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 150m above the existing Foley’s Zone,” Mr David said.
“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 programme,” he said.
For further information please visit: https://www.elementos.com.au/
