Are possible JV26 Sep 2012 22:33
http://www.infomine.com/index/pr/Pa865960.PDF
Stella Resources mining Tin fits perfectly for are Razorback Tin Mine Exploration Licence 21/2004 Dundas Exploration Update.
ttp://www.stellarresources.com.au/
http://www.brrmedia.com/event/104226/james-marlay-brr-media-and-peter-kettle-itri-manager-of-markets
Following an appraisal of data and historic information supplied by the previous
tenement holder and not specifically considered prior to the acquisition, it is apparent
that the Company has control over a historic, non-JORC compliant tin resource centred
around the historic Razorback Tin Mine and a significant exploration tin potential at
Grand Prize tin mine (2km to the north-west of Razorback). The Mineral Resources
Tasmania (MRT) Online Mineral Deposits database lists the Razorback Tin Mine as a
non-JORC resource of 675,000t @ 0.62% Sn. The tin occurs as a Renison-style
carbonate replacement cassiterite mineralisation in a large, incompletely tested talccarbonate
unit. This historic resource was estimated by J.G. Purvis of CRA Exploration
Proprietary Limited in 1980.
In addition to the Razorback tin resource, a historic assessment of the drilling data in
the vicinity of the historic Grand Prize Mine contains an estimate of non-JORC
compliant exploration potential of 0.9Mt @ 0.8% Sn and 0.7% Cu, with the mineralised
block open to the north, south and at depth. Whilst the Grand Prize mineralised zone
averages 2 metres in width, further drilling to the north and south could increase the
tonnage to economically minable dimensions. The two tin occurrences, when
considered together, also offer a much improved economic proposition and target
resource.
The recognition of tin accumulations of economic interest in the Company's recently
acquired licence is in addition to the high prospectivity for 'Avebury-style' nickel
mineralisation related to hydrothermal alteration in serpentinised Cambrian
mafic/ultramafic rocks, close to Devonian granitoids. As with the Avebury nickel
mineralisation, there is also the possibility of primary magmatic nickel mineralisation in
the mafic/ultramafic rocks adjacent to the Razorback Tin Mine. While previous
explorers included nickel in some soil and rock chip program assays, nickel has seen
little specific targeting through drill testing.
The Company can see a clear strategy of drilling the known tin occurrences at
Razorback and Grand Prize to a higher resource confidence level, thereby increasing
value to shareholders. This proposed drilling program can proceed alongside ongoing
Sign In
Follow the stocks
