www.bassmetals.com.au
Bass Metals (ASX: BSM) is a growth focused and profitable Australian base and precious metal producer with a portfolio of high quality zinc, lead, copper and gold assets in the rich Mount Read Volcanic mineral belt in northwest Tasmania. Listing in 2005, Bass delivered its maiden profit in 2008 from its profitable base metals production hub at Que River in Tasmania, which has generated $25 million in cash flow over the last two years.
The Company also has an active and successful exploration programme and is currently following up on recent discoveries at Switchback and Fossey East which are high-grade and located in close proximity to existing mines and milling infrastructure. Bass has an experienced Board and operating team who have a strong track record of delivering profitable production underpinned by exploration success and are highly motivated to improve on that record.
The Company’s growth strategy centres on the development of a ‘pipeline’ of production, near-production and exploration assets in this prolific mineral belt, with strong leverage to a substantial new discovery through its extensive regional ground holding.
Bass Metals in a trading halt pending capital raising announcement
Bass Metals (ASX: BSM) has been granted a trading halt by the ASX, pending a capital raising announcement by the company.
Bass has not yet indicated where the potential new inflow of funds will be allocated, but the company has recently recorded a string of top VMS hits at the Hellyer Mine Project, located in north west Tasmania.
Last month drilling at Switchback intersected a zone of base metal sulphide clasts that included; 0.6 metres (a single clast) that assayed 26.8% zinc, 17.7% lead, 163 grams per tonne (g/t) gold, 1.4g/t silver and 0.5% copper.
Bass previously intersected 3.95 metres at 5.9% zinc, 2.4% lead, 79g/t silver and 1.1g/t gold 120 metres to the east, highlighting the significant mineralisation in the area.
The Switchback target is located about 2 kilometres south-east of the Hellyer Mill, along the Fossey Portal access road, where the company has commenced production.
The planned ore treatment rate is 500,000 tonnes per annum (tpa), through the Hellyer Mill to produce 55,000 tpa of zinc concentrate, 27,000 tpa of lead concentrates and 5,000 tpa of copper-silver-gold concentrates.



















