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Elementos Ltd.
Summary
| Project: | Cleveland | |
|---|---|---|
| Deposit: | Cleveland | |
| Location: | Australia | |
| Commodities: | Tin-Copper-Zinc | |
| Date: | 6/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 1-6-2018: Elementos Ltd. announces an Exploration/Drilling Update report for its Cleveland deposit at the Cleveland project. Drilling results incl. 3m @ 2.21% Sn, 0.27% Cu from 75.0m. Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased | |
| Resources: | (Reserve, Prob.): 3.7Mt @ 0.29% Sn, 0.13% Cu for 11Kt Sn, 5Kt Cu contained at Cleveland tailings | |
| CP/QP: | [Overall Report]: Chris Creagh (Internal) | |
| ABSTRACT: | Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to announce the receipt of all the outstanding assays from samples collected from the recently completed diamond drilling programme at Cleveland, Tasmania. A total of nineteen (19) diamond drill holes were completed during the programme. Thirteen (13) drill holes were targeted at potential shallow extensions to the existing open cut resource, five (5) were targeted at testing three recently identified ground magnetic anomalies within the mineralised sequence, and one (1) drill hole (C2116) was planned to collect sufficient sample to carry out metallurgical testwork In early 2017 Elementos commenced the first exploration programme to be carried out at Cleveland for over 30 years since the underground mining operation was closed there by Aberfoyle Resources in 1986. The exploration programme is being carried out to determine the potential for extensions to the open cut resource announced to the ASX on 3rd March 2015. Prior to the commencement of the current exploration programme, Elementos had collated all the available historical drill hole and mining data to enable the company to determine a geological resource, which was reported to the ASX on the 4th March 2014. The current exploration programme commenced with the completion of a ground magnetic survey in 2017. Three anomalies were highlighted from the survey and targeted for drill testing. The boundaries of the current geological resource have been extended as a consequence of the results from the diamond drilling programme, with particular reference to the Khaki and Henry’s Lodes. The immediate programme of work at Cleveland is to determine the changes to the geological resource model and any impact that these changes may have on the design of a potential open cut mining operation. Metallurgical testwork, to produce a high grade tin concentrate, will be carried out on drill core samples to determine tin recoveries and re-agent consumption rates utilising modern processing techniques that have been developed and refined since the closure of the historical underground mine in 1986. The results from the testwork will be applicable to assessing future open cut and underground operations at Cleveland. | |
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