Tasmanian tin miner Stellar Resources, reports assay results from samples collected across the Razorback pit floor and tailings dam confirm both locations as targets for examining rapid development options.
Tasmanian tin miner Stellar Resources (ASX:SRZ), reports assay results from samples collected across the Razorback pit floor and tailings dam confirm both locations as targets for examining rapid development options. These assets add to the company’s tin portfolio which includes the high-grade Heemskirk tin project and the potential low-capital, St Dizier open pit.
As quoted in the press release:
- 11 auger holes, varying in depth from 0.3m to 2.0m, in two traverses across the tailings dam returned consistent assays averaging 0.23 percent tin
- Tin in tailings is mostly in the P80 +34µ to -75µ size range which is potentially recoverable using low cost fine gravity separation
- Two trenches and a face across the Razorback pit where sampled over 1.0m intervals and returned assays consistent with historical mining
“Razorback was acquired in January 2018 and has already delivered strong targets for resource assessment and potential development. There is further exploration upside for 3 km along the Razorback fault and around the Grand Prize mine, Stellar’s managing director, Peter Blight said.
Stellar is building a portfolio of tin assets in Tasmania that are well placed to serve the emerging tin markets in renewables energy storage and electric vehicles in addition to traditional uses. The flagship high-grade Heemskirk tin project represents a solid underground development opportunity. St Dizier is a potential low capital open pit and Razorback is shaping up as a second open pit opportunity,” he added.