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First Tin provides exploration update for Taronga Project

Published by , Editorial Assistant
Global Mining Review,

First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, has announced that regional exploration conducted in parallel with the Definitive Feasibility Study at its Taronga Tin Project in Australia, has shown excellent potential for satellite deposits in the company’s large tenement holdings in the district.

The project is owned by First Tin’s 100% owned Australian subsidiary, Taronga Mines Pty Ltd.

The region is well mineralised with tin and has historically produced over 83 000 t tin in concentrate between 1872 and 1984. Mineralisation is believed to be related to the late stages of emplacement of the Mole Leucogranite, a large, complex, multiple granite intrusion located north of Emmaville in northeast New South Wales.

Many old tin workings, both primary and eluvial/alluvial are known in the district and several zones of sheeted tin greisen veins, similar to the Taronga tin deposit, have been located by previous workers.

Results highlights:

  • Soil sampling at Pound Flat has confirmed that a good tin in soil anomaly occurs there, with a similar intensity to that seen at Taronga.
  • Compilation of previous sampling at McDonalds has shown a soil anomaly of similar intensity to that seen at Taronga occurs over this prospect.
  • Rock chip sampling at Stannum has returned numerous plus 1% Sn assays over an area of over 2,000 m by 800 m at the Battery Hill prospect, with a best assay of 9.85% Sn.

First Tin CEO, Bill Scotting commented:

“While most of our effort during the past two years has been directed toward completing the Feasibility Study on our Taronga deposit, the First Tin team in Australia have also been progressing some of the nearby regional targets to make the proposed Taronga Tin Processing Facility a hub for several potential satellite deposits. This may enable both increased tin production and extend mine life beyond the life of the Taronga deposit itself.

There are many possible targets in the vicinity, and TMPL has focussed to date only on known zones of sheeted tin-greisen veins similar to those found at the Taronga deposit, building on our unique knowledge base and lessons learned from work on that deposit.

The four main targets mentioned above are the most advanced and are all at the target definition or drill testing/resource definition stage. The potential for a hub and spoke concept has been significantly upgraded by this work stream.

We look forward to presenting additional exploration results as we progress these and other targets in the district over the coming months and years.”

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Australian mining news