Venture Minerals (ASX: VMS) continues to build the potential for a substantial tin resource at the Mt Lindsay project, with the latest high grade near surface tin hits at the Reward prospect.
Tin mineralisation at Reward is open to the southeast with multiple drill targets currently being tested.
Highlights from the latest diamond core drilling include:
- 28 metres at 0.89% tin, including: 8 metres at 1.74% tin;
- 11 metres at 0.87% tin, including: 6 metres at 1.40%; and
- 18 metres at 0.69% tin.
Venture said the company continues to advance all aspects of the Bankable Feasibility Study (BFS) including detailed work on resource definition, mining, metallurgy, processing, geotechnical, environmental and permitting.
The BFS follows the recent Pre-Feasibility Study which confirmed the robust economics of Mt Lindsay and positioned the company to becoming a tin and tungsten producer.
Adding to the prospectivity of the area, the Reward prospect is hosted within the same rock unit that hosts the world class Renison Tin Mine (>200,000t of tin metal produced) located only 12 kilometres to the southeast.