Stellar Resources
Full Stellar Resources profile here
Stellar Resources (ASX: SRZ) is focused on developing its high grade Heemskirk Tin Project located close to infrastructure near Zeehan in Tasmania.
Stellar Resources released a JORC Indicated and Inferred Resource of 4.4 million tonnes grading 1.1% tin or 49,000 tonnes of contained tin. This ranks the project as the highest grade undeveloped tin deposit in Australia. Positive metallurgical test work, combined with the JORC resource, has allowed Stellar to progress Heemskirk to the scoping study stage.
Stellar Resources non executive chairman adds to shareholding
Friday, January 06, 2012 by Angela Kean
Stellar Resources (ASX: SRZ) non-executive chairman Phillip Harman has increased his indirect shareholding in the company by 55,000 shares.
Harman acquired the shares on market on 29 December 2011 for a consideration of A$4,675, providing an average entry price of $0.085.
In mid-November Stellar released assays indicating the potential for economic widths of ore grade tin mineralisation below the presently defined 2.4 million tonne Severn deposit at the Heemskirk project in Tasmania.
Intersections from the latest drill hole included 6 metres at 1.1% tin from 531 metres, including 1 metre at 2.2% tin, 1 metre at 1.2% tin from 427 metres, and 1 metre at 0.9% tin from 550 metres.
The results indicate that there is potential to upgrade the Inferred Resource at Severn with additional drilling.
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