- Stellar Resources (SRZ) confirms additional high-grade tin mineralisation in second hole drilled at the Severn deposit within the Heemskirk tin project in Tasmania
- The company says the first two holes have demonstrated the continuation of the tin system at depth and confirms potential to expand Severn’s resource
- Stellar is now drilling a daughter hole to target mineralisation halfway between the base of the Severn resource and recent results
- Planning is also underway for a follow-up phase two drilling programs at the Heemskirk project
- Company shares are up 2.22 per cent to trade at 2.3 cents
Stellar Resources (SRZ) has received assays from the second hole drilled at the Severn deposit within the Heemskirk tin project in Tasmania.
Positively for the company, results from ZS143 confirm wide zones of high-grade tin mineralisation, including a 20-metre thick zone of tin mineralisation intersected
roughly 100 metres down dip of the Severn inferred resource and 620 metres below surface.
Results include six metres at 0.51 per cent tin from 586 metres, five metres at 1.27 per cent tin from 601 metres and nine metres at 0.78 per cent tin from 629 metres.
Stellar Resources said these results, as well as those from the first hole, demonstrate the continuation of the tin system at depth. This confirms there’s potential to expand the Severn deposit’s resource, which remains open along strike and at depth.
Executive Director Gary Fietz commented on the results.
“These wide, high-grade tin intercepts from our second hole this year at Severn are very encouraging and further highlight the potential for the Severn resource to be expanded significantly. Severn is already by far the largest of the four deposits comprising the Heemskirk tin project and remains open down dip and along strike.”
The company is now drilling a daughter hole wedged off of the second hole to target the Severn mineralisation halfway between the base of the Severn resource and the ZS143 intercepts.
The company initially planned to drill two holes at the deposit to target depth extensions below the Severn tin resource. However, based on the success of the first two holes, the company will drill an additional two as part of the phase one program.
Planning is already underway for a phase two drilling program that will focus on extending and infilling the Severn and Queen Hill tin deposits.
Company shares were up 2.22 per cent to trade at 2.3 cents at 2:05 pm AEDT.