Venture upgrades Mt Lindsay resource estimate

Itri.com reports that Venture Minerals (ASX:VMS) has announced an upgrade to its’  Tin/Tungsten project at Mt. Lindsay in North Tasmania.

The story is quoted as saying:

Australian exploration company Venture Minerals Limited announced a substantial resource upgrade for the Company’s Mt Lindsay tin/tungsten deposit in north west Tasmania. This follows a major infill and extensional drill program in preparation for a pending pre-feasibility study. The resource is now estimated at 43 million tonnes containing 82,000 tonnes of tin at a tin equivalent cut-off grade of 0.2%. Higher grade portions of the orebody amount to 10 Mt containing 38,000 tonnes of tin. Venture’s current plans are based on treating only the higher grade ore, to produce some 3,000 tpy of contained tin starting from 2013.

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