Elementos Ltd (ASX:ELT, OTC:ELTLF) has intersected further tin mineralisation outside the mineral resource at its Oropesa Tin Project in Spain.
New results confirm the potential of a near-surface extensional zone to the southeast, as well as the tenement’s overall exploration potential.
Standout assays include 19 metres at 0.48% tin from 33 metres in hole ADD_44. Other results from hole ADD_42 are:
- 1.50 metres at 0.42% from 25.3 metres;
- 0.60 metres at 0.58% from 43.4 metres; and
- 0.60 metres at 0.48% and 0.62% from 87 metres.
Strong potential
Elementos managing director Joe David said: “The continuation of mineralisation outside the bounds of the currently defined mineral resource demonstrates the strong potential for the Oropesa Tin Project to be extended and expanded beyond what will be delivered in the upcoming definitive feasibility study.
“The mineralisation intersected, in holes like ADD_44, give the company confidence that they will, with further drilling, become important additions to the project.
“The location of this type of mineralisation has the potential to have an impact on the future economics of the project, as this mineralisation sits within the already established DFS economic pit shells, with the potential to converting mining blocks currently classified as waste to ore.”