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- Venture Minerals (VMS) dubs its latest results from the Mount Lindsay tin-tungsten project as “exceptional”
- New drilling results returned high grade mineralisation within the existing Main Skarn deposit of up to 8 per cent tin and 0.2 per cent tungsten trioxide
- The drill program was designed to confirm the continuity of high grade zones and provide additional metallurgical samples as part of the company’s updated feasibility study for an underground mine
- The company plans to ramp up its our exploration efforts, with drilling scheduled to test multiple high priority targets over the coming months
- Venture Minerals is up 2.5 per cent, trading at 4.1 cents at 11:50 am AEDT
Venture Minerals (VMS) has dubbed its latest results from the Mount Lindsay tin-tungsten project as “exceptional”.
New drilling results returned high-grade mineralisation within the existing Main Skarn deposit, including 119.2 metres at 0.8 per cent tin and 0.2 per cent tungsten trioxide from 75.8 metres.
The drill program was designed to confirm the continuity of high-grade zones and provide additional metallurgical samples, as part of the company’s updated feasibility study for an underground mine.
Venture said it has completed drilling on the Main Skarn’s high-grade MacDonald Shoot and is currently drilling similarly targeted holes on the No. 2 Skarn’s Radford Shoot.
“The new drilling at Mount Lindsay continues to deliver outstanding tin intersections within the high-grade MacDonald Shoot beneath historical tin workings,” said Venture Minerals’ Managing Director Andrew Radonjic.
Venture said Mount Lindsay is considered one of the largest undeveloped tin projects in the world, containing more than 80,000 tonnes of tin metal. Over 100,000 metres of diamond core drilling has been completed on the project predominately by Venture, which hosts a JORC compliant resource, 70 per cent of which is in the measured and indicated categories.
“Venture looks forward to completing this feasibility drilling shortly and ramping up our exploration efforts with drilling scheduled to test multiple high priority targets over the coming months within Australia’s premier tin district on the West Coast of Tasmania,” said Andrew Radonjic.
Venture Minerals was up 2.5 per cent, trading at 4.1 cents at 11:50 am AEDT.
