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Stellar Resources pegs more ground in NE Tasmania prospective for lithium and tin

Published: 15:30 28 Feb 2022 AEDT

Stellar Resources Ltd - Stellar Resources pegs more ground in NE Tasmania prospective for lithium and tin

Stellar Resources Ltd (ASX:SRZ) has pegged further prospective ground in Tasmania that is highly prospective for lithium and tin and has potential to enhance the company’s commodity mix in the state including the flagship Heemskirk Tin Project.

Wholly-owned subsidiary, Tarcoola Iron Pty Ltd, has lodged a new Exploration Licence application over the Mt Paris and Scamander North areas in North-East Tasmania with a combined area of 97 square kilometres.

The Mt Paris portion of the application is considered prospective for lithium and tin while the Scamander North area and Stellar’s adjoining pending Scamander EL application EL19/2020 to the immediate south are considered highly prospective for tin and base metal mineralisation.

First-in-time EL application

Executive director Gary Fietz said, “We are very pleased to have secured this first-in-time EL application over the Mt Paris and Scamander North areas which was identified by Stellar's consultants Dr Josh Phillips and Ross Corben.

“This application adds to the strategic package of EL’s and EL applications Stellar has assembled in NE Tasmania which, in addition to being highly prospective for high-grade Victorian slate belt style gold mineralisation, hosts excellent potential for lithium, tin and base metal mineralisation associated with the granite intrusives therefore enhancing Stellar’s commodity mix in Tasmania on top of its flagship Heemskirk Tin Project.”

Stellar now holds a total of 13 ELs and EL applications in NE Tasmania covering a total area of 2,620 square kilometres which are prospective for gold, tin and lithium mineralisation.

The first eight of these EL’s over an area of 1,899 square kilometres were granted in August 2021 while the remainder of the EL applications are expected to be granted throughout 2022, with the granting of EL19/2020 and EL10/2020 expected within the next few months.

Mt Paris area

Mt Paris EL application area showing geology with lithium in rock chip results (values >500ppm labelled).

Stellar’s belief in Mt Paris is based on a review of open file data sourced from the Mineral Resources Tasmania (MRT) geochemistry database.

This area covers the fractionated Mount Paris S-type granite, equivalent to the Lottah Granite, which contains the highest levels of lithium recorded (0.02% Li2O to 0.1% Li2O) in Tasmania and hosts the historic Anchor tin mine.

Exploration for lithium will target pegmatites near the Mt Paris Granite margins where there is the possibility of elevated concentrations of lithium.

Mt Paris area contains eight recorded historic tin occurrences/tin mines and adjoins EL10/2019 (Halona Holding Pty Ltd) to the south and EL17/2017 (Yunnan Tin Australia Pty Ltd) to the east, both of which contain extensive historical tin mining occurrences.

The northern part of the Mt Paris Granite has seen little modern exploration, and as such, few samples are available despite the presence of a significant body of alkali granite considered prospective for tin and lithium mineralisation.

Limited stream sediment samples from the southern part of the Mt Paris Granite have been recorded within the Mt Paris area of the EL application with values up to 1,000 ppm tin highlighting the potential for tin mineralisation.

Additional anomalous stream sediment samples up to 9,400 ppm tin have been recorded within bordering ELs held by third parties.

Scamander North application

Scamander North EL application area showing geology with tin in rock chip samples.

The company’s interpretation of the Scamander North area and the adjoining EL application to the south are also based on a review of open file geochemical data sourced from MRT.

The Scamander North area covers partly exposed, late stage, fractionated alkali granite occurring at the margins of the extensive Mt Pearson Granite which may be related to the zoned tin and base metal mineralisation of the Scamander Mineral field further south on EL application EL19/2020.

Scamander North area contains seven recorded alluvial tin mining occurrences/mines, the hard-rock source of which appears not to have been investigated by previous explorers.

EL application EL19/2020 contains 29 recorded historic mineral occurrences/mines with a combination of tin, tungsten, copper, lead, zinc and silver mineralisation occurring within a zoned mineral system.

Anomalous tin in stream sediment sample results of up to 9,300 ppm are reported around alluvial tin fields in the Scamander North area and up to 12,000 ppm in the EL application EL19/20202, highlighting the potential for tin mineralisation within Stellar’s applications.

Rock chip samples have also returned Anomalous tin, tungsten, copper, lead, zinc, arsenic and silver with up to 1,000 ppm tin in the Scamander North area and up to 39,500 ppm in EL application EL19/20202.

Work program

The exploration program for the Mt Paris and Scamander North areas included in the EL application will be integrated into Stellar’s NE Tasmania exploration program.

Tin, lithium and base metals exploration will focus on the Mt Paris and Scamander North areas, along with EL19/2020 application.

Field work on the Mt Paris and Scamander North areas will commence on grant of the EL, expected late in 2022, with the Year 1 program expected to focus on stream sediment and soil geochemistry sampling aimed at defining drill targets for follow up in Year 2.

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