- Elementos (ELT) intersects high-grade tin from the final diamond hole at its flagship Oropesa Tin Project in Spain
- Grades peaked at 1.10 per cent tin and the results confirm further intersections of near-surface tin mineralisation
- Elementos is now progressing with the updated mineral resource estimate for Oropesa which is on track to be released by the end of October
- Shares in Elementos are up 4.55 per cent on the market and is trading at 2.3 cents per share at 2:48 pm AEST
Elementos (ELT) has intersected high-grade tin from the final diamond hole at its flagship Oropesa Tin Project in Spain.
Oropesa is one of the world’s largest undeveloped, open-cut mineable tin deposits with a prospective annual production of 2440 tonnes of tin metal across a 14 year mine life.
The final result includes 18.7 metres at 0.55 per cent tin from 29.2 metres including six metres at 1.10 per cent tin from 41.9 metres, and one metre at 0.31 per cent tin from 74.5 metres.
This final result confirms further intersections of near-surface tin mineralisation and builds Elementos’ confidence in its ability to grow the Oropesa tin resource.
The company is now progressing with the updated mineral resource estimate for Oropesa which is on track to be released by the end of October.
CEO Joe David commented on the result and the end of the drilling program.
“This final assay confirms further extension of the significant zone of shallow tin mineralisation recently identified at the project. This assay result is significant in both its thickness and its high grade,” Mr David said.
“This shallow tin zone will likely play a critical role in the re-definition of the updated mineral resource estimate which is on track to be completed at the end of October 2021.”
Shares in Elementos were up 4.55 per cent on the market and were trading at 2.3 cents at 2:48 pm AEST.