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Rafaella Resources (ASX:RFR) - Managing Director, Steven Turner
Managing Director, Steven Turner
Source: Rafaella Resources
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  • Rafaella Resources (RFR) has received further results from its 2021 diamond drilling program at the Santa Comba Tungsten and Tin Project in Spain
  • The aim of this drilling program was to expand the mineral resource estimate (MRE) of 10.6 million tonnes at 0.17 per cent tungsten trioxide and 154 parts per million tin
  • So far, 33 holes have been drilled with grades peaking at 4.21 per cent tungsten trioxide and 3777 parts per million tin
  • The results have demonstrated that significant expansions potential exists and the east and central zones merge into one zone at depth
  • Drilling is expected to be completed by the end of the month with an updated JORC 2012 MRE planned for Q2 2021
  • Rafaella is up 4.55 per cent on the market and shares are trading at 11.5 cents

Rafaella Resources (RFR) has received further results from its 2021 diamond drilling program at the Santa Comba Tungsten and Tin Project in Spain.

The aim of this drilling program was to better define and expand the mineral resource estimate (MRE) of 10.6 million tonnes at 0.17 per cent tungsten trioxide and 154 parts per million (ppm) tin.

This drilling also aimed to confirm the depth continuity of the high-grade vein mineralisation.

Originally, 4500 metres was meant to be drilled, however, the program was increased to 5500 metres due to good visual mineralisation.

Best results include 11.35 metres at 0.63 per cent tungsten trioxide and 662ppm tin from 85.05 metres including 1.50 metres at 4.21 per cent tungsten trioxide and 3777ppm tin from 94.90 metres.

The results have demonstrated that significant expansions potential exists, and the east and central zones merge into one zone at depth.

Drilling is expected to be completed by the end of the month with an updated JORC 2012 MRE planned for Q2 2021.

“The 2021 drill campaign at our Santa Comba Project continues to kick goals. The step-out drillholes in the current campaign are shedding still more light on the potential that exists across the project’s largely undrilled granite massif,” Managing Director Steven Turner said.

“These assays with wide high-grade intercepts, take us another step towards a JORC upgrade, which would in turn enhance the already robust economics of the project,” he added.

Rafaella is up 4.55 per cent on the market and shares are trading at 11.5 cents at 1:20 pm AEST.

RFR by the numbers
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