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- Sky Metals (SKY) kicks off a reverse circulation (RC) drilling program at its Tallebung tin project in central New South Wales
- Extensive drilling has already been undertaken across the project which delineated over 1.2 kilometres of open strike outcropping tin mineralisation
- Now, eleven RC holes are planned to test the up dip, shallow potential for further bulk tonnage tin mineralisation
- With tin prices at over $60,000 per tonne, Exploration Manager Oliver Davies says re-evaluation of the project as a bulk tonnage resource is an exciting target for the company
- Company shares ended trade on Tuesday up 2.25 per cent at 9.1 cents.
Sky Metals (SKY) has kicked off a reverse circulation (RC) drilling program at its Tallebung Tin Project in central New South Wales.
Extensive drilling has already been undertaken across the project which delineated over 1.2 kilometres of open strike outcropping tin mineralisation which the company said provides a base for this next round of drilling.
Work in 2019 focussed on exploring for high-grade tin lodes and a large underlying tin porphyry. Following a review of this drilling, and work completed by past explorers, SKY has re-assessed Tallebung as a bulk tonnage target.
Now, eleven RC holes are planned to test the up-dip, shallow potential for further bulk tonnage tin mineralisation.
The company has identified several areas where the mineralisation is open up-dip to surface which it said indicates potential to further increase the size of the Tallebung Target in shallow, up-dip and near-surface areas.
With current record tin prices over $60,000 per tonne, Exploration Manager Oliver Davies said re-evaluation of the Tallebung Tin Project as a bulk tonnage resource is an exciting target for the company.
“This [existing, extensive drilling], in combination with the simple metallurgy of the cassiterite-hosted tin, provide a strong platform for SKY to quickly progress the Tallebung Project,” he said.
Drilling at the company’s Doradilla project in north-western New South Wales has been delayed due to localised flooding, however, if abated once drilling is complete at Tallebung, SKY plans to recommence work.
Company shares ended trade on Tuesday up 2.2 per cent at 9.1 cents.
