Venture dishes up ‘exceptional’ tin-tungsten at globally significant Mt Lindsay
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Venture’s cooking up something good at the Mount Lindsay Tin-Tungsten Project where hit after hit has been delivered from high-grade zones within the Main Skarn deposit.
The latest highlight includes 119.2m at 0.8% tin and 0.2% tungsten from 75.8m where mineralisation remains open and further assays pending.
This intersection, included a high-grade zone of 23.2m at 1.6% tin and 0.03% tungsten from 75.8m or 3m at 4.1% and 0.1% from 90m. Outstanding assays were also received from another recently announced drill hole increasing the intersection to 213 m @ 0.7% tin and 0.2% tungsten from 90m .
With drilling on the Main Skarn high-grade McDonald shoot wrapped up, the rig is now focusing on No.2 Skarn where the high-grade Radford shoot is found.
Venture Minerals (ASX:VMS) managing director Andrew Radonjic said the value of Mount Lindsey continues to grow, having already more than 80,000 tonnes of tin metal in JORC compliant resources at a time of record tin prices.
“Venture looks forward to completing this feasibility drilling shortly and ramping up our exploration efforts with drilling scheduled to test multiple high priority targets over the coming months within Australia’s premier tin district on the West Coast of Tasmania,” he said.
Mount Lindsay is already classified by the Australian Government as a Critical Minerals Project with an advanced Tin-Tungsten asset, enhanced by the recent discovery of two new skarn zones – one within the Renison Mine Sequence in the Mount Lindsay area and the other along strike from Mount Lindsay’s main tin deposits.
It is also one of the largest undeveloped tin projects in the world, containing more than 80,000 tonnes of tin metal and within the same mineralised body a globally significant tungsten resource containing 3,200,000 MTU (metric tonne unit) of tungsten.
These preliminary assays are from a nearby laboratory that generated results using a similar analytical technique for some of the suite of elements that are routinely assayed for on Mount Lindsay drill core.
The pulps will be submitted to the preferred laboratory to provide assays for the missing elements and to check the values reported here using the analytical method chosen for the JORC resource.
Scoping study work, comprising additional drilling currently in progress, is being advanced by the underground feasibility study in order to confirm the continuity of the MacDonald shoot in the Main Skarn and the Radford Shoot in the No.2 Skarn.
Drilling will also provide material for finalising a cost effective, gravity-focused, processing flowsheet to concentrate the high-density minerals cassiterite and scheelite.
BHM Processing Consultants have been engaged to manage the metallurgical part of the study where additional work will include further detailed engineering studies to firm up the mine design and updating of the permit to reflect the change in mining and processing strategies.
Venture continues to build a dedicated team to manage the study program and to that end has just engaged a resource development geologist, the company will continue to update shareholders as further key appointments are made.
This article was developed in collaboration with Venture Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.