Highlights:
5 March 2018
Mt Cobalt Exploration Update
➢ Field reconnaissance locates historic workings and weathered serpentinite host rock south of the existing target zone
➢ Preliminary metallurgical test work generates encouraging beneficiation results with ten-fold concentration of heavy minerals to a concentrate
The Directors of Aus Tin Mining Limited (the Company) are pleased to provide the following update in respect of the Company’s Mt Cobalt project, approximately 40km west of Gympie, Queensland.
On 16th February the Company announced a target zone at Mt Cobalt of 350m long x 25m wide and open at depth and down dip to the west. It also reported the potential to extend the target zone to the south towards historic workings identified in a 1901 Queensland Government report. The Company has since undertaken field reconnaissance at Mt Cobalt and located the No3 tunnel described in the report (Figure 1a) approximately 190m to the south of the target zone. The weathered serpentinite (which hosts the shear and enriched cobalt-manganese mineralisation further north in the target zone) was evident at the opening of the No3 tunnel (Figure 1b). Rock chip samples from both the tunnel and outcrop proximal to the tunnel have been submitted for geochemical analysis
ANW Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
