Elementos Ltd (ASX:ELT, OTC:ELTLF) has intersected some of its highest grades to date during ongoing infill drilling at the Oropesa Tin Project in Spain, including 6 metres at 2.59% tin from 74.6 metres.
Results continue to confirm the presence of near-surface tin mineralisation and build the company’s confidence in its ability to successfully upgrade the inferred resources targeted by this campaign.
The infill program is targeting mineralisation predicted by a geological model and the 2021 mineral resource estimate, with the aim of upgrading the portion of inferred mineral resources that sit within the US$30,000-per-tonne pit shell.
Six of nine planned holes have been completed, with four additional exploration holes – outside infill areas – to follow.
High-grade tin
The results from four recently completed drill holes reveal high-grade tin intersections along with significant intersections of zinc and copper, and included:
- 6 metres at 2.59% tin and 0.15% copper from 74.6 metres and 1.7 metres at 0.71% tin and 0.5% zinc from 177.4 metres;
- 18.2 metres at 0.21% tin from 12.7 metres and 17.4 metres at 1.06% tin and 0.31% copper from 114.5 metres;
- 3.1 metres at 0.81% tin, 12.58% zinc and 0.43% copper from 176.6 metres and 10.5 metres at 0.46% tin, 1.66% zinc and 0.26% copper from 185.2 metres;
- 10.4 metres at 0.27% tin from 53.6 metres; and
- 2.4 metres at 0.21% tin from 59.4 metres, 2.0 metres at 0.45% tin from 65.4 metres and 2.0 metres at 0.19% tin from 204.3 metres (0.1% tin cut-off grade).
“Critically, latest drilling has intersected some of the highest-grade tin zones yet drilled across the project.
“Results such as 6 metres at 2.59% tin in hole ADD_30 and 17.4 metres at 1.06% tin in hole ADD_32, continue to show the capability for the Oropesa project to deliver higher grade tin zones across the project.
“The infill drilling program has now completed six of nine planned drill holes and has assisted the company in designing an additional four exploration holes to target additional mineralisation outside the current mineral resource.
“We plan to move straight into exploration drilling to test these extensions following the completion of the infill program.”