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Consolidated Tin Mines Ltd.
Summary
| Project: | Einasleigh | |
|---|---|---|
| Deposit: | Chloe | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 2/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Consolidated Tin Mines Ltd. announces an Exploration/Drilling Update report for its Chloe deposit at the Einasleigh project. Drilling results incl. 44.7m @ 7.19% Zn, 0.23% Cu, 3.41% Pb, 31.16g/t Ag from 358.3m. Consolidated Tin Mines Ltd (ASX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Max Tuesley (Internal) | |
| ABSTRACT: | Consolidated Tin Mines Ltd (ASX: CSD) (‘’CSD” or the “Company”) is pleased to report an additional significant intercept from recent drilling at the Company’s Chloe Prospect and also to report assay results received from Balcooma drilling. The Chloe Prospect result is from a diamond drill hole completed in late 2017 at the Company’s 100% owned Einasleigh Project located 250k south west of Cairns in north Queensland, and 140k south west of the Company’s wholly owned mineral processing mill at Mt Garnet (see figure 1). This result is in addition to previous high-grade zinc intercepts announced 12 February 2018. The Balcooma assay result is from RC drilling at the Balcooma Mine, which is part of the Surveyor Project, located approximately 140k south of the Mt Garnet concentrator. Balcooma is a historic open-cut mine that transitioned to an underground mine developed by a previous owner. Some of the underground mine was also previously mined by the Company. Recent drilling at Balcooma has identified a potential new ore shoot adjacent to the old workings (see figure 2). The Company’s current focus at Surveyor is the Dry River South Mine (DRS), which is another historic high-grade zinc underground mine developed by a previous owner. The Company has rehabilitated the historic decline and is planning to restart mining at DRS in late March/April. The Company currently has one drill rig operating at Mt Garnet on the Mt Garnet Deeps Project (refer to ASX announcement 1 February 2018 for recent results from drilling at Mt Garnet Deeps). A second drill rig is scheduled to commence at the Surveyor Project (Balcooma drilling) by the end of February to follow up these recent high-grade results with a 15 hole drill program planned. | |
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