Kasbah Resources (ASX: KAS) is an advanced explorer and developer purely focussed on tin. Kasbah’s main focus has been to progress the Achmmach Tin Project in Morocco, having established a robust underground JORC resource.
Recent drilling results indicate that Achmmach is rapidly transforming into a asset with considerable potential for a substantial underground mine to be developed. Kasbah has built a presence in Morocco with strong relationships with Morocco’s Mines Department and the local Moroccan community.
Kasbah Resources ramps up tin exploration on priority targets at Achmmach
Kasbah Resources (ASX: KAS) now has three diamond rigs operational at the Achmmach tin project in Morocco, which are targeting some near surface high priority tin targets.
First pass drilling intercepted some very encouraging results, which is perfect timing for Kasbah as the spot tin price sits above US$31,000 a tonne.
Results from first past drilling included:
- 1 metre at 1.64% tin from 56 metres;
- 6 metre at 0.45% tin from 132 metres;
- 1 metre at 2.12% tin from 19 metres;
- 15 metre at 0.70% tin from 37 metres; and
- 19 metre at 0.47% tin from 35 metres.
These tin results highlight the prospectivity of the area, and also identify the potential for open pit mining.
Mineralisation of 0.5% tin may be amenable to open pit mining methods, but this will depend on the nature of the ore body and the characteristics of the ore.
Kasbah has an exclusive right to acquire a 100% interest in Achmmach by completing a Feasibility Study, and will consider developing the project depending on the study findings.
The project covers 32 square kilometres, which Kasbah said is one of the largest undeveloped tin deposits in the world.
The market liked the plan, pushing the shares 4.5% higher to $0.35 in afternoon intra-day trading.
