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Stellar Resources

Stellar Resources kicks off drilling for copper and tin at Gourlays Creek

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Stellar Resources has commenced drilling at its 100% owned Gourlays Creek copper/tin target on the northwest coast of Tasmania.

Stellar plans to drill a 400m diamond drill hole intended to pass through the centre of the magnetic anomaly and also test the electromagnetic zone.

Also, two further drill holes are planned along the strike length of the most intense sections of the magnetic anomaly.

The target is defined by a number of intense circular magnetic anomalies over a strike length of one kilometre with a near coincident electromagnetic feature along the western boundary.

Historical drilling one kilometre to the north on a weaker magnetic zone demonstrated the relationship between mineralization and magnetite skarn development.

Stellar’s magnetically more intense and more compelling drill targets to the south have yet to be drilled.

On November 30 Stellar placed 14,000,000 shares at $0.15 per share to raise $2.1 million to accelerate exploration and development of its Heemskirk tin project in Tasmania.

Heemskirk drilling will be in conjunction with drilling at the Gourlays tin‐copper prospect.

Quick facts: Stellar Resources

Price: $0.01

Market: ASX
Market Cap: $4.94 m
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