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Aus Tin Mining Ltd.
Summary
| Project: | Mt Cobalt | |
|---|---|---|
| Deposit: | Mt Cobalt | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 2/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-2-2018: Aus Tin Mining Ltd. announces an Exploration/Drilling Update report for its Mt Cobalt deposit at the Mt Cobalt project. Drilling results incl. 5.2m @ 0.31% Co, 2.98% Mn, 0.75% Ni from 4.8m. The Directors of Aus Tin Mining Limited (the Company) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nicholas Mather (Samuel Capital Pty Ltd.) | |
| ABSTRACT: | The Directors of Aus Tin Mining Limited (the Company) are pleased to provide the following update in respect of the Company’s Mt Cobalt project, approximately 40km west of Gympie, Queensland. In January 2018 the Company completed the last three holes of a seven hole drill program to test potential extension of mineralisation below and along strike from historic workings at Mt Cobalt. Assay results have now been obtained for the last three holes of that program and are summarised in Table 1. Sampling for assays was selective over the length of the holes reflecting intervals of poor core (BQTK) recovery, and additional results are provided in Table 2. Results from the most recent drilling confirms the occurrence of high grade enriched cobalt‐manganese (asbolite) shear hosted mineralisation within a broader lower grade oxidised serpentinite zone, providing further confirmation of the higher grade cobalt‐manganese mineralisation being structurally controlled within a broader lower grade envelope. As illustrated in Figure 1, the exploration target zone containing the mineralised shear is interpreted to exist as a zone of weathered serpentinite close to the shear overlying the unweathered serpentinite of the Mt Mia Serpentinite and remaining open to the north‐west of the most northerly drilling (Point C). | |
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