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Stellar Resources Ltd.
Summary
| Project: | Heemskirk | |
|---|---|---|
| Deposit: | Razorback Mine | |
| Location: | Australia | |
| Commodities: | Tin | |
| Date: | 7/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2019: Stellar Resources Ltd. announces a Resource Estimation report for its Razorback Mine deposit at the Heemskirk project. Exploration Target defined at Razorback Mine. Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company) is pleased to a | |
| Resources: | Exploration Target: 180 - 220Kt @ 0.8 - 1.0% Sn | |
| CP/QP: | [Overall Report]: Tim Callaghan (Resource and Exploration Geology Pty Ltd) | |
| ABSTRACT: | Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company) is pleased to announce a maiden Exploration Target for the Razorback Mine and potential for early production from re-development of the Razorback Mine, along with results of testwork on re-processing of the Razorback tailings, within the Mount Razorback Exploration Licence (EL11/201) held by Stellar. Managing Director Peter Blight said “redevelopment of the Razorback Mine has the potential to become an early source of tin production which the Company plans to study further this year. This could become an important ‘stepping-stone’ for Stellar, with the potential cash flow from the Razorback Mine redevelopment being used to advance the Company’s flagship Heemskirk Tin project”. The style of mineralisation at Razorback is essentially the same as at Renison Mine, located 7km along strike to the north. The geology of the Razorback Mine is dominated by the Razorback Fault where the Cambrian serpentinite is in faulted contact with the younger Dundas Group Red Lead Conglomerate and Hodge Slate. The Serpentinite has been strongly dolomitized and talc altered within 20-30m of the fault contact. The sequence strikes north-northwest and is near vertically dipping with the fault dip steep east near surface to steep west dipping below 100m depth. Tin mineralisation is hosted within the talc-carbonate altered serpentinite and the Red Lead Conglomerate where they are adjacent to the Razorback Fault. The mineralised lodes are semi continuous and plunge steeply south within the plane of the fault. Mineralisation consists of semimassive pyrrhotite with cassiterite, pyrite, arsenopyrite, chalcopyrite, sphalerite and galena. The lode is wedge shaped with a width of 10-15m at the top (base of pit floor), narrowing to widths of 2-3m at a depth of approximately 100m below the pit floor. The average length of the significant intersections listed in Appendix 1 is 6.4m. The Razorback lode strikes over [200m] and possibly plunges steeply south to over 400m in depth. A typical cross section, geological and drillhole collar location plan, and long projection of the Razorback Mine are provided in Figures 2, 3 and 4 respectively. | |
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