Carnavale accelerates exploration at Kikagati after finding tin in first ever drilling
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Special Report: Carnavale Resources has uncovered tin in the first ever drilling at its Kikagati project in Uganda.
The find has prompted Carnavale (ASX:CAV) to fast track drilling by adding another two larger capacity rigs.
Three holes and 476m have been drilled so far in the 2000m drilling program — the first ever known drilling at Kikagati.
One hole intersected cassiterite, a tin-bearing mineral, at 105m in what could be a very big system up to 2.5km long.
The mineralisation is hosted in quartz veins with tourmaline-muscovite rich alteration selvages.
Carnavale says various other quartz veins with similar tourmaline-muscovite rich alteration selvages were also intersected.
Drilling was also designed to test any layer parallel mineralisation along the strike length of the target.
The program intersected numerous layer parallel clay rich units, which Carnavale suspects may contain additional mineralisation.
The Kikagati project is a large-scale walk-up drill target that has never been previously drill tested.
The target has artisanal surface and shallow underground workings over a strike length of over 2.5km and over widths of up to 200m.
Carnavale says its due diligence confirms that the project represents an exciting large-scale exploration drill target with potential to define a significant tin resource.
The company has started an aggressive 2000m drilling program to test the 2.5km long ridge, targeting beneath the artisanal workings.
By completing the drill program, Carnavale can earn its initial 51 per cent stake in the project.
The company expects to have the program completed in December.
Carnavale Resources has started drilling at its Kikagati tin project in Uganda at a time when demand for the metal is predicted to take off.
While tin demand remains steady at the moment, the growing battery market and other new disruptive technologies are expected to drive an increase in demand for the commodity.
Boston’s Massachusetts Institute of Technology forecasts that tin will edge out the favoured lithium and cobalt battery metals as the metal most likely to be impacted by new technology.
The technologies that are expected to impact tin demand include autonomous and electric vehicles, advanced robotics, renewable energy, and advanced computing and IT.
Research shows that tin provides cheaper and improved capacity to many alternative battery designs.
The overall volume of batteries required for the electric vehicle industry is expected to drive ongoing demand over the next decade and beyond.