Stelar Metals Ltd (ASX:SLB) has confirmed the presence of high-grade, consistent mineralisation across the Main Prospect at Linda Zinc Project in South Australia, with 24 of 48 new rock chip samples returning grades of more than 5% zinc in assays.
At least four samples graded more than 20% zinc across the length and breadth of the 600-metre by 300-metre prospect, reflecting the prospectivity of zinc mineralisation at Linda.
Stelar’s rock-chip assay results over the expanded Main Linda Prospect.
“Stelar’s work in 2022 has taken the Linda Project from being a long-forgotten historical zinc play to becoming a significant new zinc exploration project with adequate scale and grade to potentially host economic mineralisation,” Stelar Metals CEO Colin Skidmore said.
“Subject to the receipt of all statutory approvals, Stelar looks forward in 2023 to drill testing Linda and to advancing this project further at a time when this critical commodity is in high demand.”
Zinc has enjoyed upward price momentum since March 2020 (US$1,859 per tonne), with the price sitting at about US$3,023 per tonne, a 1.72% gain since the beginning of the year.
Geological mapping reveals controls
Ongoing geological modelling headed by Dr Rachelle Kernen, a renowned expert in diapiric systems and Flinders Range sedimentology (like that seen at Linda), is key to developing a clear map of the structural architecture and understanding the controls and distribution of zinc mineralisation in the area.
Preliminary interpretations have given Stelar a broad understanding of the geology at Linda, a model the company intends to build on with further detailed mapping.
The more advanced model will allow the company to optimise drill program designs, and has been planned alongside additional surface sampling programs schedule for early this year.
Stelar Metals' exploration projects in South Australia.
Stelar has five projects that are 100% owned and located in South Australia’s premier world-class exploration and mining district.
High-grade zinc and lead mineralisation at Linda is hosted within similar Cambrian limestone sequences as Perilya’s Beltana Zinc Mine and Third Plain Zinc Project only 10 kilometres along strike from Linda.
Read more on Proactive Investors AU
