Gippsland Ltd. (ASX:GIP,FWB:GIX) and Stellar Resources Ltd. announced further drilling results below the Severn deposit at the Tasmanian Heemskirk Tin Project.
As quoted in the press release:
Assay results for diamond drill hole ZS107A show that potentially economic widths of ore grade tin mineralisation occur at depth well below the presently defined Severn deposit.
- ZS107A intersected 6m grading 1.1% tin from 531m down-hole including 1m grading 2.2% from 536m.
- Other significant intersections in the hole included 1m at 1.2% from 427m and 1m grading 0.9% from 550m.
- Acid soluble tin grades are negligible indicating that the tin bearing mineral is cassiterite, a positive for metallurgical processing.
- The 6m intersection occurs within the main Pyrrhotite/Pyrite zone identified by diamond drill holes ZS84 and ZS107.
- Assay results confirm the potential to upgrade the inferred resource at Severn with additional drilling.
Gippsland Ltd. CEO, Peter Blight said:
“This result continues the positive momentum generated by the drilling program in 2011. The results for ZS107A and ZS107 show that the Severn lode extends at depth in a well defined structure that has the potential to host ore grade mineralisation. Future diamond drilling will seek to better define this structure and add to the Heemskirk resource estimate.”