The Directors of Stellar Resources Limited (ASX: SRZ, 'Stellar' or the 'Company) are pleased to provide an update on the Company's activities on its tin propertieslocated near Zeehan within the mining district of west coast Tasmania.
In addition, the strong performance of tin price against that of other London Metal Exchange (LME) metals is also highlighted.
Heemskirk Project Resource Update
Stellar recently engaged technical consultant Resource and Exploration Geology to complete an update of the mineral resource estimates for the tin deposits within its Heemskirk project near Zeehan, which were last completed in November 2016.
Updated resource estimates for Stellar's Queen Hill and Severn tin deposits within ML2023P/M will incorporate results of drilling undertaken in 2017. The majority of the 2017 drilling was in the upper Severn deposit, locally reducing the drilling spacing, and it may be possible to upgrade the mineral resource classification from an inferred to an indicated mineral resource for this part of the Severn tin deposit.
A maiden resource estimate will also be completed for the Oonah tin deposit which lies immediately north of (
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