Tin Prices Continue To Soar To Record Highs
Elementos Limited (ASX:ELT) has confirmed further continuity of mineralisation in its current drilling and optimisation campaign to increase the confidence of the Mineral Resource at its flagship Oropesa Tin Project in Spain.
As falling inventories saw tin prices touch historic highs this week, assays for an additional diamond drill hole that was drilled last month confirmed the following significant mineralisation:
- Expn_016:- 2.7m @ 0.39@ Sn from 74.3m 33.3m @ 0.22% Sn from 92.0m
- 15.1m @ 0.53% Sn from 138.4m
CEO, Joe David, said these results are in addition to 21 diamond drill holes previously reported from this programme.
Mr David said the drilling programme was over 70% completed and was on track to complete its objectives.
“The continued rally of the tin price over the last 12 months to over US$34,000/tonne is providing strong encouragement for the company to rapidly advance the development of the Oropesa Project, one of the world’s highest-grade, opencut tin developments,” he said.
