- Tin mineralisation extended at Sky Metals’ (SKY) 3KEL target, part of the greater Doradilla project in north-western New South Wales
- The company says results from drilling at the target extends the tin mineralisation to over 120 metres depth with results including 18.2 metres at 0.16 per cent tin from 150.8 metres
- Drilling of additional targets has been planned however localised flooding has delayed work which the company anticipates to recommence as soon as conditions allow
- The company also says a reverse circulation drill rig has been engaged to commence in late February which the company says will continue the rapid development at the site
- Shares down 9.1 per cent to 10 cents
Tin mineralisation has been extended at Sky Metals’ (SKY) 3KEL target, part of the greater Doradilla project in north-western New South Wales.
The company said results from drilling at the target extends the tin mineralisation to over 120 metres depth with results including 18.2 metres at 0.16 per cent tin from 150.8 metres.
Sky Exploration Manager Oliver Davies said: “The 3KEL target continues to deliver strong results, extending along strike and now at depth as well. It is exciting to see additional tin at depth and Sky is very eager to target further extensions. As these results show 3KEL is open at depth, further drilling may add very significant additional size to the expanding target.”
Drilling of additional targets has been planned however localised flooding has delayed progress. The company hopes to recommence as soon as conditions allow.
When drilling resumes a number of holes will be redrilled to reach target depth which was previously untenable because of the flooding.
A large diameter hole is also planned to be drilled to provide samples for metallurgical test work over the next few months.
The company also said a reverse circulation drill rig has been engaged to commence in late February which the company says will continue the rapid development at the site.
Shares were down 9.1 per cent at 10 cents when the market closed.