Stellar Resources Reports High-Grade Tin Intersections at Montana
Key points
- First drilling at Montana since 2012 intersects high-grade tin mineralization
- 4.7m @ 1.29% Sn from 242.5m in hole ZM192
- Continued drilling planned to increase mineralisation confidence
Full summary
Stellar Resources Limited (ASX: SRZ) has announced new drilling results from the Montana deposit at its Heemskirk Tin Project in Western Tasmania. The first drilling at Montana since 2012 has successfully intersected high-grade tin mineralisation, including 4.7m @ 1.29% Sn from 242.5m in hole ZM192. Montana hosts an Inferred Mineral Resource of 0.7Mt @ 1.54% Sn for 10.4kt of contained tin immediately adjacent to the north of the Queen Hill and Severn Deposits. Stellar plans to continue drilling at Montana to increase the category and confidence of mineralisation and potentially incorporate it in a subsequent Definitive Feasibility Study (DFS). The Heemskirk Tin Project remains the highest-grade undeveloped tin project in Australia and the third highest-grade globally.
Guidance
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Outlook
Stellar Resources plans to continue drilling at Montana to increase the category and confidence of mineralisation and potentially incorporate it in a subsequent Definitive Feasibility Study (DFS).
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