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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Rension | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 2/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-2-2019: Metals X Ltd. announces an Exploration/Drilling Update report for its Rension deposit at the Renison project. Drilling results incl. 20.0m @ 6.27% Sn from 148.8m. Managing Director, Mr Damien Marantelli, commented: “These latest drilling result | |
| Resources: | (Reserve, P+P): 29.135Mt @ 0.58% Sn, 0.23% Cu at Renison | |
| CP/QP: | [Overall Report]: Simon Rigby (Internal) | |
| ABSTRACT: | Managing Director, Mr Damien Marantelli, commented: “These latest drilling results from Area 5 and Leatherwood are, once again, impressive. We have mobilised an additional drill rig to accelerate the infill programs in preparation for a planned Mineral Resource estimate update. This world class ore body continues to deliver. In January, Renison recorded its highest monthly production on record, producing 871 tonnes of tin in concentrate. This was a great effort by our operational team, particularly as the Australian dollar tin price recently reached a seven-year high. Overall, performance at Renison is very pleasing and we look forward to reporting the Mineral Resource update in the June Quarter”. Leatherwood Trend targets at Renison. Significant resource definition drilling programs were undertaken during 2018 with, at times, up to 3 diamond drill rigs in operation. Primary target areas tested included Area 5, Leatherwood Trend, Huon North and the Central Federal Basset (CFB). As previously reported (ASX announcement dated 19 December 2018), encouraging results were returned from all drilled areas with assay results continuing to flow in. Assay results for a further 47 drill holes completed at Area 5 and the Leatherwood Trend have now been received. These results include the end of the 2018 resource definition program in both target areas and the commencement of the infill drilling program at Area 5. Outstanding intersections continue to be returned, further confirming the significance o | |
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