Sky Metals Limited (ASX: SKY) has announced the final results from the reverse circulation (RC) drilling resource expansion and infill programme at its Tallebung project in New South Wales, Australia. The results include multiple new intercepts showing additional areas of tin mineralization.
“SKY is continuing to successfully discover tin mineralization outside of the maiden exploration target footprint and mineral resource estimate (MRE),” SKY CEO Oliver Davies commented. “These new results also show the growing continuity of the tin mineralization at Tallebung.”
The assay results from the remaining six of 25 holes completed in the resource expansion programme completed a total of 4,759m, showing additional strong, broad tin mineralization.
Results included:
Hole TBRC071:
- 7m @0.35% Sn & 25.8g/t Ag from 29m
- 17m @0.36% Sn & 24.8g/t Ag from 164m
- including 4m @1.02% Sn & 86.9g/t Ag from 176m
Hole TBRC068:
- 12m @0.27% Sn & 79.1g/t Ag from 106m,
- including 3m @0.72% Sn & 163g/t Ag from 84m
Hole TBRC070:
- 28m @0.18% Sn from 70m,
- including 2m @0.91% Sn & 42.6g/t Ag from 84m
Assays are pending for the diamond drilling component of four holes are expected in the coming weeks. On receipt of all the remaining assays, these new results will be included in an updated MRE, with a target to substantially increase the maiden MRE of 10.2Mt @0.18% Sn at a 0.10% Sn cutoff and convert the estimated exploration target of 16 – 21Mt at a grade ranging between 0.16 – 0.20% Sn at 0.1% Sn cut-off, into additional resources.
Following the new MRE, if required, SKY plans to undertake an additional drilling programme to increase confidence in the resources, in particularly resources around high-grade areas such as those identified surrounding hole TBD003 (60.55m @0.36% Tin from 23m), increasing the resource confidence in these areas to indicated resources. The surrounding resource is planned to be drilled to inferred resources and this aims to achieve a ‘critical mass’ for mine scoping studies to be undertaken and released.
For further information, please visit: www.skymetals.com.au
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