Elementos Limited (ASX:ELT) (OTCMKTS:ELTLF) (FRA:9EM) has intersected further shallow zones of tin mineralisation in a drilling campaign designed to increase confidence in the mineral resource at the flagship Oropesa Tin Project in Spain.
With 37 of 44 planned holes now drilled, assays for another two diamond drill holes have been received from the ALS laboratory in addition to the 27 diamond drill hole results previously reported from this program.
New zones of mineralisation have been interpreted and the best results include:
- 3.6 metres at 0.77% tin from 22.9 metres;
- 13.6 metres at 0.32% from 31.5 metres;
- 7.6 metres at 0.53% from 119.5 metres; and
- 1.1 metres at 0.63% from 134.0 metres.
Accomplished goals
Elementos chief executive Joe David said the new assay results accomplished two of the company’s stated program goals for the project.
He said: “This data confirms the existence of relatively shallow mineralisation in the middle of the resource and increases the confidence of the previously modelled deeper mineralisation.
“These positive results continue to enthuse the project team, reinforcing their understanding of the geology, the project and its development strategy.”
The company believes Oropesa represents an opportunity to create a value-uplift potential for shareholders as the project is advanced towards development.