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Stellar Resources Ltd.
Summary
| Project: | Heemskirk | |
|---|---|---|
| Deposit: | Severn | |
| Location: | Australia | |
| Commodities: | Tin | |
| Date: | 11/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2017: Stellar Resources Ltd. announces an Exploration/Drilling Update report for its Severn deposit at the Heemskirk project. Drilling results incl. 1m @ 12.6% Sn from 285m. Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company”) is pleased | |
| Resources: | (Resource, I+I): 6.4Mt @ 1.13% Sn at project | |
| CP/QP: | [Overall Report]: R. K. Hazeldene (Internal) | |
| ABSTRACT: | Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company”) is pleased to announce significant assays for ZS135 and ZS139 (see Table 1). Both holes tested targets within the upper part of the Severn tin stock-work vein system with the most significant intersections occurring on cross-section 3650N. ZS135 drilled towards the northeast (azimuth 045o GDA) to test northwest and north trending vein directions and ZS139 drilled towards the east (azimuth 263o GDA) to test north, northwest and northeast trending veins and to infill between historical diamond drill holes ZS65 and ZS124 (see Figures 3, 4 and 5). ZS135 intersected significant cassiterite tin mineralisation in north-south trending sulphide veins (parallel to the strike of the Severn deposit). The veins are associated with chlorite, siderite and tourmaline alteration that replaces original mineralogy and often obliterates sedimentary textures. In the interval from 263m to 265m, veining is characterised by pyrite and pyrrhotite. However, in the second interval from 284m to 286m arsenopyrite and pyrrhotite are the dominant sulphides. ZS139 intersected tin stockwork veins over 123m from 170m down-hole. ZS139 also provided high grade intersections. The upper (275m to 278m) and lower (297m to 300m) intersections are characterised by a series of cassiterite bearing pyrite veins. The veins are similar to those intersected in ZS135 in that they range from 10mm to 25mm thick, trend north-south and dip at 60o to 70o to the east. The middle intersection (285m to 286m) is also characterised by a northsouth cassiterite bearing pyrite-pyrrhotite vein that dips at 60o to the east. However, at 300mm it is much thicker than other veins, it is also hosted in dolomite rather than volcano-clastics and it carries significantly more cassiterite. The tin stockwork extends for more than 150m down-hole from 223m. | |
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