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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Bell 50 | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 9/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-9-2019: Metals X Ltd. announces an Exploration/Drilling Update report for its Bell 50 deposit at the Renison project. Drilling results incl. 30.1m @ 4.58% Sn, 0.12% Cu from 233.0m. Metals X Limited (Metals X or the Company) is pleased to provide an upda | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Rigby (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to provide an update on drilling activities at the Bell 50 area at the Renison Tin Operations (Renison) in Tasmania. Bell 50 is located below and down-plunge of the high-grade Area 5, which is currently in development. Renison is 50%-owned by Metals X through the Bluestone Mines Tasmania Joint Venture (BMTJV). Managing Director, Mr Damien Marantelli, commented: “These latest Bell 50 drilling results are outstanding. Bell 50 continues to deliver; due to its proximity to the Area 5 discovery and development project, these high-grade intersections are very significant. “Work is now underway on the Area 5 Mining Optimisation Study to establish the infrastructure requirements, mine planning and production schedule for Area 5 which will then lead into studies for the development and mining of the Bell 50 resource. We expect this work to be completed within the next six months. Importantly, given the proximity of Area 5 to existing operations and the recently completed preliminary ventilation enhancements, mining of material from the top of the orebody has commenced and will continue during the current financial year. “Further outstanding opportunities at Renison continue to emerge and the Company intends to provide a complete update on those opportunities in the immediate future.” | |
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