For thousands of other reports visit RSC's Mineral Intellingence Map
Stellar Resources Ltd.
Summary
| Project: | Heemskirk | |
|---|---|---|
| Deposit: | Zeehan | |
| Location: | Australia | |
| Commodities: | Tin-Copper-Lead-Zinc | |
| Date: | 11/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2016: Stellar Resources Ltd. announces a Resource Estimation report for its Zeehan deposit at the Heemskirk project. Updated resource from JORC 2004 to JORC 2012. Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company”) is pleased to advise | |
| Resources: | (Resource, I+I): 6.35Mt @ 1.13% Sn for 72000t Sn contained | |
| CP/QP: | [Resources]: Tim Callaghan (Not Stated) | |
| ABSTRACT: | Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company”) is pleased to advise that it has completed a review and upgrade from JORC 2004 to JORC 2012 of Mineral Resource estimates for its 100% owned Zeehan tin deposits. The Zeehan tin deposits lie within RL5/1997 and underpin the Heemskirk Tin Project - the highest grade undeveloped tin resource of significance listed on the ASX. “The estimate is more robust than the JORC 2004 estimate and not materially different in tonnes and grade. Importantly, the JORC 2012 estimate identifies a high grade Indicated Resource at Lower Queen Hill that will be the target for initial underground mining studies” said Stellar’s Managing Director, Mr Peter Blight. “The combination of a rising tin price and results from a planned infill drilling program that will target higher grade zones in Lower Queen Hill and Severn should underpin a positive outlook for Stellar shareholders as the company progresses Heemskirk Tin towards development” he added. The JORC 2012 Mineral Resource estimate is summarised in Table 1. The global Indicated and Inferred Resource estimate is 6.35mt grading 1.13% total Sn. Table 1 also identifies cassiterite as the dominant Sn mineral and includes grades of associated base metals to demonstrate geochemical differences between deposits. As Table 2 shows, the JORC 2012 estimate is not materially different from the JORC 2004 estimate. However, JORC 2012 is a more robust estimate as it includes some additional drill holes and the results from mining, metallurgy and environmental studies. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report