That more silver will be found?
That more tin will be found?
Well did not have to wait long!
More tin
CEO Peter Blight commented “These are pleasing results.
demonstrates that this wide zone continues at
least 100 metres down plunge from ZS113 upgrading the tonnage potential for Severn.
The intersection of ore-grade tin mineralisation at 396 metres in ZQ117 also confirms the untested potential of the Queen Hill deposit at depth.
The second intersection in ZQ117 of 3 metres at 0.56% tin from 396 metres achieved the main aim of this hole by showing a down-dip continuation of the Queen Hill deposit along the contact between Oonah formation and Montana Volcanics. This demonstrates the potential to upgrade the size of the Queen Hill deposit at depth and further testing of this potential is planned within the context of the
overall project.
More silver
ZQ117 intersected high-grade silver and base metals updip
from Severn and within 100 metres of the surface. Historical mining in the Zeehan district was
directed at these vein deposits which are high grade but often discontinuous and narrow. Where they
are within close proximity of ore grade tin mineralisation, as appears to be the case at Severn, they
could be viable secondary mining targets.”
The first intersected near-surface tin, silver and base metals mineralisation in a position 150 metres
up-dip from Severn (see Figure 2 and 3). The 6 metre intersection averaged 0.42% tin, 728g/t silver,
17.49% lead and 2.59% zinc. The presence of high grade silver and lead mineralisation was previously
reported for Clarkes Lode which parallels the Queen Hill deposit 250 metres to the north. However,
ZQ117 is the first significant intersection of this mineralisation above Severn.
728g/t silver!
And economic
All intersections (including those in the silver lead zone in ZQ117) show negligible levels of acid soluble tin indicating that 98% or more of tin mineralisation is in the form of cassiterite, the most readily recoverable tin mineral.
Maybe Octa should raise their price target considering they have not even factored in the silver!
http://www.stellarresources.com.au/images/ASX_Announcements/2012/20121005-octa-phillip.pdf
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