Zinn ist 3x soviel Wert wie Kupfer
KAP:ca. 120 Mio AUD
Feasibility Drilling Intersects Record Result -
26m @ 3% Tin equivalent
Mt Lindsay Project, Tasmania
Australian mineral exploration company, Venture Minerals Limited (ASX code: VMS),
announces the latest results from on-going feasibility drilling. ML 222, which
targeted the heart of the MacDonald Tin Zone within the Main Skarn, intersected
26m of the highest grade tin mineralization seen in the project to date.
Highlights:
* Feasibility drilling targeting the Main Skarn intersects high grade
tin mineralization including:
26m @ 3% tin equivalent (2.7% tin)
Incl. 6m @ 8.4% tin equivalent
10m @ 2.2% tin equivalent (1.9% tin)
* Recent feasibility drilling targeting the Main Skarn has also
identified broad zones of tungsten mineralization in the heart of the
MacDonald Tin Zone including:
30m @ 0.36% WO3
38m @ 0.32% WO3
42m @ 0.22% WO3
44m @ 0.24% WO3
* Prefeasibility study is in the final stages of completion
* Tin price on the London Metal Exchange reaches all time high of
US$28,000 per tonne
Drilling from the on-going feasibility work at Mt Lindsay continues to deliver
excellent results following the recommencement of diamond core drilling in early
January. Infill drilling initially targeting the heart of the Main Skarn has
returned very high grade results, with assays exceeding 16% tin over 2m
recorded in ML 222.
Latest Diamond Core Drill Results from the Main Skarn
Recent results also highlight the potential for substantial tungsten mineralisation within the Main Skarn including
+40 metre tungsten intersections recorded within the high grade MacDonald Tin Zone.
The latest drilling follows on from the Company’s major resource upgrade announced late last year which saw the
Mt Lindsay Project becomes one of the world’s largest undeveloped tin projects.
The Company’s pre-feasibility study is in its final stages of completion. The study includes evaluations for both
open cut and underground mining, detailed process design and also includes options for producing a more refined
tungsten product. The Company will make results of the study available as soon as possible.
Exploration activity also recommenced in early January with diamond core drilling testing a range of skarn targets
including the Company’s first drill hole into the Eastern Skarns (refer map), which are located 1km from Venture’s
major resource base at Mt Lindsay. The Company will also look to commence exploration on the newly acquired
tenure immediately adjacent to the Mt Lindsay Project. The new tenure contains multiple priority targets.
The tin price continues to outperform all other base metals quoted on the London Metal Exchange reaching all time
highs of US$28,000 per tonne this week. Supply constraints and growing demand are predicted to continue through
2011.
Kind regards
Venture Minerals Limited
Hamish Halliday
Managing Director
KAP:ca. 120 Mio AUD
Feasibility Drilling Intersects Record Result -
26m @ 3% Tin equivalent
Mt Lindsay Project, Tasmania
Australian mineral exploration company, Venture Minerals Limited (ASX code: VMS),
announces the latest results from on-going feasibility drilling. ML 222, which
targeted the heart of the MacDonald Tin Zone within the Main Skarn, intersected
26m of the highest grade tin mineralization seen in the project to date.
Highlights:
* Feasibility drilling targeting the Main Skarn intersects high grade
tin mineralization including:
26m @ 3% tin equivalent (2.7% tin)
Incl. 6m @ 8.4% tin equivalent
10m @ 2.2% tin equivalent (1.9% tin)
* Recent feasibility drilling targeting the Main Skarn has also
identified broad zones of tungsten mineralization in the heart of the
MacDonald Tin Zone including:
30m @ 0.36% WO3
38m @ 0.32% WO3
42m @ 0.22% WO3
44m @ 0.24% WO3
* Prefeasibility study is in the final stages of completion
* Tin price on the London Metal Exchange reaches all time high of
US$28,000 per tonne
Drilling from the on-going feasibility work at Mt Lindsay continues to deliver
excellent results following the recommencement of diamond core drilling in early
January. Infill drilling initially targeting the heart of the Main Skarn has
returned very high grade results, with assays exceeding 16% tin over 2m
recorded in ML 222.
Latest Diamond Core Drill Results from the Main Skarn
Recent results also highlight the potential for substantial tungsten mineralisation within the Main Skarn including
+40 metre tungsten intersections recorded within the high grade MacDonald Tin Zone.
The latest drilling follows on from the Company’s major resource upgrade announced late last year which saw the
Mt Lindsay Project becomes one of the world’s largest undeveloped tin projects.
The Company’s pre-feasibility study is in its final stages of completion. The study includes evaluations for both
open cut and underground mining, detailed process design and also includes options for producing a more refined
tungsten product. The Company will make results of the study available as soon as possible.
Exploration activity also recommenced in early January with diamond core drilling testing a range of skarn targets
including the Company’s first drill hole into the Eastern Skarns (refer map), which are located 1km from Venture’s
major resource base at Mt Lindsay. The Company will also look to commence exploration on the newly acquired
tenure immediately adjacent to the Mt Lindsay Project. The new tenure contains multiple priority targets.
The tin price continues to outperform all other base metals quoted on the London Metal Exchange reaching all time
highs of US$28,000 per tonne this week. Supply constraints and growing demand are predicted to continue through
2011.
Kind regards
Venture Minerals Limited
Hamish Halliday
Managing Director
