Proactive Investors - Run By Investors For Investors

Aus Tin Mining hits high-grade nickel up to 1.6% in latest drilling at Mt Cobalt

Results confirm the occurrence of high-grade nickel at shallow depths in a new zone north of where previous drilling has been conducted.
Aus Tin Mining hits high-grade nickel up to 1.6% in latest drilling at Mt Cobalt
Mt Cobalt is 40 kilometres west of Gympie in Queensland

Aus Tin Mining Ltd (ASX:ANW) has hit shallow high-grade nickel intersections of up to 1.6% at its Mt Cobalt project near Gympie in Queensland.

Recent drilling confirmed the existence of shear zones north and west of where previous drilling has been conducted.

The company will continue to explore this northern extension in due course.

In April 2019 Aus Tin completed a program of five diamond drill holes for a total of 153.6 metres to test potential extensions of mineralisation below and along strike from historical workings at Mt Cobalt.

READ: Aus Tin Mining shares surge after securing $2.5 million funding facility

A summary of the results is shown below:

Sampling was selective over the length of the holes reflecting intervals of poor core recovery due to the broken ground.

The shear zones observed support the previous interpretation of a possible continuation of the shear zone in a northwest direction and possible extension of the target zone.

Geological interpretation of Mt Cobalt


This drilling extended the target zone by a further 150 metres to a total of 500 metres long by 25 metres wide and open at depth.

Aus Tin will now focus on the next phase of exploration at Mt Cobalt which includes field reconnaissance and mapping for shear zones west of the target zone in order to develop further drill targets.

View full ANW profile View Profile

Aus Tin Mining Timeline

Related Articles

June 19 2019
When fully operational, Barruecopardo will account for around 13% of non-Chinese global supply of tungsten concentrates.
Sandstone project map
January 25 2019
Alto is chaired by its largest shareholder, businessman and minerals chemist Terry Wheeler.
Drill rig in the Goldfields
February 11 2019
Intermin gained today on news it may snap up a Coolgardie project and plant from Focus Minerals.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use