Sky Metals Limited (ASX: SKY) has announced the results of the first phase of resource expansion and infill drilling at the Tallebung Project, building to a critical mass resource target for mine scoping studies and potential future mining.
“The consistent nature of these results, combined with the extension of high-grade zones, will significantly grow an updated resource at the Tallebung Project on receipt of all of the outstanding results,” SKY CEO Oliver Davies commented.
“SKY looks forward (to) building on the Tallebung resource, continuing towards and growing the exploration target of 16-21Mt @ 0.16-0.20% Sn in the coming months. This will provide SKY with the ‘critical mass’ with which SKY can begin to release mine scoping studies.”
The first phase of reverse circulation (RC) drilling was completed in August with 25 holes for a total of 4,759m. It was designed to grow SKY’s maiden mineral resource estimate (MRE) of 10.2Mt @ 0.18% Sn for 18.4Kt at a 0.10% Sn cut-off grade and convert the estimated exploration target into additional resources.
The first phase targeted the southern and central areas of the historic Tallebung tin mining field where the majority of the historic hardrock workings are located.
Holes TBRC047-TBRC055, TBRC068 & TBRC071 were drilled in the centre area of the mining field. This area has strong potential to add significant resources. The area previously had only very sparse drilling while having the most intensive historic hardrock mining activity, evidenced by the multiple open pits and shafts which are densely distributed over the area.
Assay results for 15 of 25 holes have been received, results include:
- Hole TBRC059: 19m @0.27% Sn from 17m, including 5m @0.83% Sn from 19m
- Hole TBRC056: 10m @0.31% Sn from 68m, including 1m @0.94% Sn from 69m
- Hole TBRC057: 6m @0.49% Sn & 40g/t Ag from 34m, including 1m @2.30% Tin & 83.8g/t Ag from 35m
The coarse nature of the tin in cassiterite at Tallebung highlights the excellent metallurgical advantages indicating very low-cost tin production. Assays for the remaining 10 holes are pending and expected to be received over the coming weeks.
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