Elementos’ Spanish tin project02.Mar 2021.
Elementos hopes to confirm near-surface mineralisation and the latest tin results have confirmed significant zones of mineralisation. Elementos has received assay results from four holes drilled at the Oropesa Tin Project in Spain.
Late last year, Elementos began a 5000-metre diamond drilling program at the project which primarily aimed to upgrade the JORC mineral resource which currently stands at 67,520 tonnes of tin. Specifically, Elementos hopes to convert Oropesa’s inferred resources into the indicated category to improve the overall waste-to-ore stripping ratio. Additionally, drilling is aimed at confirming near surface mineralisation that isn’t included in the 2017 geological resource model, and testing more near surface resources from previously identified exploration targets. The latest batch of results have been received from a lab based in Ireland and have confirmed significant zones of mineralisation. Results include 4.8 metres at 0.3 per cent tin from 22 metres, 14.5 metres at 0.38 per cent tin from 43 metres, 7.1 metres at 0.33 per cent tin from 10.3 metres, and 41.9 metres at 0.2 per cent tin from 132.9 metres. According to an economic study released in May last year, the Oropesa Tin Project is set to be a low-cost, “globally significant” tin development. It’s also expected to produce 2440 tonnes of tin concentrate over a 14-year mine life. Currently, the drilling program will include 47 holes but this may change depending on the results that are received.