Australian tin exploration company Consolidated Tin Mines (ASX: CSD) has announced further results from its most recent drilling program at the company's Gillian Project in northern Queensland.
The latest assay results have produced further significant intercepts of tin mineralisation.
Consolidated Tin now plans to confirm a JORC Resource upgrade in the near future.
The results follow those released on 8th December 2009 from the drilling program carried out in November-December 2009.
The drill program was predominantly an infill program which was designed to improve confidence in the extent of mineralisation at the Gillian Project confirmed from the Company’s previous drill programs.
The highlights of the latest drill assay results include 31 – 37 metres downhole 7 metres @ 0.74%Sn, 40.7%Fe, 28 – 30 metres downhole 2 metres @ 0.80%Sn, 6.6%Fe, 6 – 10 metres downhole 4 metres @ 1.84% Sn, 40.8%Fe and 12 – 14 metres downhole 2 metres @ 0.75%Sn, 22.1%Fe.
The Gillian Project is part of Consolidated Tin’s wider Mt Garnet Project area, which is located 200km south west of Cairns in the lower Herberton Tin Field, one of Australia’s premier tin fields. In addition to tin the company is also assaying for iron.
The Company has drilled a total of 6,300 metres across 137 holes at the Mt Garnet Project and the project currently has a total JORC Resource of 5.3Mt @ 0.6% Tin, which includes a Measured Resource of 724,700t @ 0.81 Tin at the Gillian project area.
Assays were undertaken by fused bead XRF by the Burnie Research Laboratory in Tasmania, and results are total tin (Sn) and total iron (Fe).