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Niuminco Group Ltd.
Summary
| Project: | Aberfoyle | |
|---|---|---|
| Deposit: | Aberfoyle | |
| Location: | Australia | |
| Commodities: | Tin-Tungsten | |
| Date: | 4/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2017: Niuminco Group Ltd. announces an Exploration/Drilling Update report for its Aberfoyle deposit at the Aberfoyle project. Drilling results incl. 44.30m @ 0.07% Sn, 0.04% WO3 from 80.2m. As previously advised, Niuminco Group Limited’s 72.5 % owned | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Drummond (Internal) | |
| ABSTRACT: | As previously advised, Niuminco Group Limited’s 72.5 % owned TNT Mines Ltd is drill testing known mineralised systems adjacent to the major historic tin and tungsten mine at Aberfoyle in Northeast Tasmania. The program aims to test the medium depths below the outcropping Kookaburra and Johnson mineralised quartz vein systems, and to intersect the major Lutwyche system approximately halfway between outcropping surface mineralisation and the 300-400m depth at which it was historically extensively explored and developed. Assays have returned from LDD 001, which was drilled to 198 m or about 150 m vertically. It returned peak values of 8.9% tin, 6.3% tungstate, 582ppm silver, 2480ppm copper and 1.41% zinc. The tin and tungsten mineralisation is present within numerous narrow sheeted veins principally between 80m and 130m down-hole, and probably corresponding with the Johnson’s vein system. Hole LDD002 was terminated at 190.1 m following a zone of strongly visible tin, tungsten and copper mineralisation, and having intersected numerous other veins with visible tin and tungsten mineralisation further up-hole. Niuminco is very encouraged by the results to date and is currently reviewing strategic options for TNT Mines Ltd, including potential corporate opportunities. The drilling program has been paused whilst this review is underway, enabling Niuminco to focus its resources on the ramp-up of gold production at Edie Creek and the drilling programs at Bolobip and May River. | |
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