Stellar Resources welcomes big tin resource boost at Heemskirk
September 05, 2023 at 03:21 pm EDT
Share
(via NewsDirect)
Stellar Resources Ltd (ASX:SRZ) MD Gary Fietz tells Proactive the company has defined an updated indicated resource of 3.52 million tonnes at 1.05% tin for 36,991 tonnes contained tin for the Heemskirk Tin Project in Tasmania. This represents a 24% increase in contained tin compared to the November 2022 mineral resource estimate (MRE) and a 58% increase from the 2019 MRE, significantly increasing confidence in the project. The total MRE for the project has been updated to 7.48 million tonnes at 11.04% tin for 77,872 tonnes contained tin. The new Heemskirk total MRE continues to rank as the highest-grade undeveloped tin project in Australia and the third highest-grade globally of peer company projects.
Fietz said: “Over the past 18 months, our Phase 2A and Phase 2B infill drilling programs have focused on increasing the indicated mineral resource at Severn.
“Our strategy has been vindicated with the results from these successful drilling campaigns, resulting in a 58% increase in contained tin in the Heemskirk Tin Project’s indicated mineral resource from the 2019 MRE.
“We expect the substantially increased indicated mineral resource to support a pre-feasibility study on the project, which is scheduled for later this year.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Stellar Resources Limited is an Australia-based company, which is engaged in mineral exploration and evaluation. The Companyâs flagship Heemskirk Tin Project is 18 kilometers (km) to the southwest of the Renison tin mine, a tin mine in Australia. The Heemskirk Tin Project includes three nearby tin deposits: Severn, Queen Hill and Montana. It holds secure Mining Leases over the Heemskirk Tin Project, including the tailings pipeline route, tailings storage site and also over the St Dizier satellite tin deposit. In addition to the Heemskirk Tin Project, it owns a portfolio of nearby exploration licenses, including the Montana Flats and Mount Razorback exploration licenseâs (EL), which contain various silver-lead-zinc mines with associated tin mineralization. Its wholly owned subsidiary, Tarcoola Iron Pty Ltd, holds 12 EL in Northeast Tasmania covering a combined area of 2,212 square kilometers (km2), which is prospective for gold, tin, lithium and base metals.