Metals X Limited (ASX:MLX) has further defined tin mineralisation in ongoing resource definition drilling at its Renison Tin Operation in Tasmania.
Drilling at the Area 5 and Leatherwood Trend targets, which are near existing development and mining areas, has returned high-grade assays from the most recent 14 holes completed.
Premier hard-rock tin deposit
Metals X managing director Damien Marantelli said that Renison continued to justify its world-class status as a premier hard-rock tin deposit.
Highlighted results from Area 5 include: 21 metres at 5.47% tin from 154.7 metres; 13 metres at 4.97% from 173 metres; and 19.5 metres at 5.42% from 150.6 metres.
Leatherwood featured results including: 3.2 metres at 8.73% from 270 metres; 12.2 metres at 1.69% from 173.9 metres; and 14.9 metres at 2.01% from 170 metres.
The proximity of both targets to existing mining areas would allow them to be brought into the mining schedule relatively quickly.
Potential for further mine life
Marantelli said: “Despite having a mining history of over 60 years, the deposit remains open along strike and at depth with significant grades being returned from the current drilling programs.
“The ongoing success of the resource definition drilling programs at Area 5 and Leatherwood is testament both to the quality of the deposit and the skill of our geology team.
“Not only will these areas have the potential to provide further mine life, but importantly, offer the opportunity to increase the grade of ore mined."
Mineral resource update in 2019
Tin mineralisation within Area 5 has now been defined over more than 400 metres of strike, with the higher-grade zone extending over 150 metres of strike.
Leatherwood has also been defined over more than 400 metres of strike and both targets remain open at depth and along strike.
Assays from a further 18 holes at each target are pending and will be reported during the March 2019 quarter.
Infill and further extensional drilling is being designed for both targets with the intention of providing an updated mineral resource estimate during the June 2019 quarter.