Elementos Ltd (ASX:ELT, OTC:ELTLF) hit multiple tin zones during infill drilling at the Oropesa Project in Spain, demonstrating that mineralisation extends outside the current resource estimate boundary.
Drill hole ADD-28 intercepted three notable zones about 70 metres outside the modelled resource boundary, boasting a combined downhole length of 99.8 metres. Results of interest include (0.15% tin cut-off grade):
- 9.2 metres at 0.46% tin from 120.5 metres;
- 37.8 metres at 0.16% from 165.8 metres; and
- 52.8 metres at 0.20% from 206.6 metres.
- 10.0 metres at 0.36% tin from 120.6 metres;
- 5.1 metres at 0.14% from 134.9 metres; and
- 5.35 metres at 0.16% from 166 metres.
Step closer to an upgraded estimate
Elementos managing director Joe David said the results served to further increase the company’s level of confidence in the Oropesa mineral resource.
“Our latest assays bring us closer to our program goal of upgrading the remaining inferred mineral resources that sit within the 2022 Optimisation Study US$30,000/tonne pit shell,“ David said.
“In addition to the intersections confirming tin modelling, drilling also continues to extend the tin mineralisation zone during this infill program, as evidenced by ADD_28 announced here and previously announced results from ADD_245.
“ADD_28 has extended the tin mineralised zone approximately 70 metres (downhole) beyond the current modelled resource boundary.
“This continues to motivate the Elementos team and should support additional tonnes making it into the updated mineral resource estimate.
“The current infill drilling program has now completed its 10th drill hole, one more than was originally planned due to additional target definition based on interpretation of earlier results from this program.
“Assays are pending for the 10th drill hole (ADD_33) and will be released to the market on receipt.”
Section depicting drill hole ADD_28 from the 2022 infill drilling program.
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