- Venture Minerals (VMS) intersects a 93-metre zone of tin-tungsten mineralisation at the Mount Lindsay Project in Tasmania
- The intersection comes from a drilling program designed to confirm the continuity of the high-grade zones and provide samples for the updated feasibility study
- Results include 93 metres at 0.5 per cent tin equivalent from 107 metres, including 12 metres at 1.7 per cent tin equivalent from 113 metres
- The samples will now be submitted to Venture’s preferred laboratory to provide assays for the missing elements
- Shares in Venture are up 4.17 per cent on the market and are trading at five cents
Venture Minerals (VMS) has intersected a 93-metre zone of tin-tungsten mineralisation at the Mount Lindsay Project.
The project is located in northwestern Tasmania in the highly prospective Meredith Granite and with more than 80,000 tonnes of tin metal, is one of the world’s largest tin deposits.
This intersection comes from the drilling program designed to confirm the continuity of the high-grade zones and provide samples for Venture’s updated feasibility study for an underground mine.
Results include 93 metres at 0.5 per cent tin equivalent from 107 metres, including 12 metres at 1.7 per cent tin equivalent from 113 metres and 22 metres at 0.6 per cent tin equivalent from 236 metres.
The samples will now be submitted to Venture’s preferred laboratory to provide assays for the missing elements.
“The first hole of the new drilling program at Mount Lindsay has seen the MacDonald Shoot deliver further high-grade tin and tungsten assay results to confirm the continuity of this high-grade zone,” Managing Director Andrew Radonjic said.
“Additional drilling on the Main Skarn’s high-grade MacDonald Shoot is expected to return more high-grade results which will increase the confidence in the resource supporting an underground development.”
Shares in Venture were up 4.17 per cent on the market and were trading at five cents at 11:34 am AEDT.