Drilling Doubles High Grade Tin Zone
Mt Lindsay Project - Tasmania
Latest drilling confirms the MacDonald Zone represents a major tin discovery
ML 142 intersects 10m @ 1.1% tin equivalent doubling the height of the MacDonald Tin Zone to over 200m
ML 135 intersects 30m @ 0.64% tin equivalent extending the
MacDonald Tin Zone to over 650m down plunge
High grade tin is from surface and amenable to open pit mining
Five diamond core rigs at site testing multiple tin/tungsten targets
The average grade of large hard rock tin deposits worldwide is 0.4% which emphasises the high grade nature of the MacDonald Tin Zone discovery.
This combined with the consistency and scale of the discovery, suggests the MacDonald Zone will have a major impact on the future economics of the Mt Lindsay Project.
Following on-going exploration success the Company believes there is scope to significantly increase the MacDonald Tin Zone at depth and has therefore dedicated one diamond core rig to drilling out the zone over the coming weeks.
In addition to the drilling on the MacDonald Zone there are another four diamond core rigs at Mt Lindsay
targeting multiple tin and tungsten zones.
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