Ann: Restart of Tin Exploration Drilling, page-15

An analyst Bevis Yeo has just commented elsewhere:

With tin prices soaring on to their highest point since 2011 on a supply crunch, Stellar Resources’ (ASX:SRZ) decision to restart exploration at its Heemskirk project in Tasmania seems like a no-brainer.

The company was forced to put operations at the project on hold in October 2019 despite completing a scoping study demonstrating attractive economics due to the poor state of markets.

While Stellar then raised funds and turned to gold exploration, it is now in the final stages of planning an initial drill program aimed at identifying new areas of high-grade tin mineralisation.

The drill program targets depth extensions of four key historically mined silver-lead lodes in the highly mineralised Zeehan district.

These mines typically produced ore with silver grades between 20oz to 100oz per tonne from fissure veins ranging in widths from a few cm up to 2.7m that were mined over lengths of up to 300m, which are valuable exploration targets in their own right.

Key targets include the historical Oonah mine, the Montana No.1 mine, the Zeehan Western mine and the Zeehan Queen No.4 mine.

All four had substantial silver production with Stellar’s work defining an inferred resource of 0.59Mt grading 0.9 per cent tin, 0.8 per cent copper with lead and zinc under the historical workings.

A deep drilling program targeting depth extensions of the Severn tin resource is also under review by the company.

The Severn resource has been drilled to a depth of about 500m below surface and remains open at depth, where it is hoped that mineralisation will continue and increase in grade towards the underlying granite contact.