Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Stellar Resources Ltd.
Project name: Heemskirk
Location: Australia
Commodities: Tin
Highlight: Drilling results incl. 5.0m @ 1.27% Sn from 601m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Stellar Resources Limited (ASX:SRZ, “Stellar” or the “Company) is pleased to report assay results from the second Severn drillhole (ZS143) completed as part of the Phase 1 Drilling Program at the Company’s flagship Heemskirk Tin Project in Tasmania. The 3 significant intercepts between 586m and 638m have a cumulative length of 20m of tin mineralisation at a length weighted average grade of 0.82% and align with the projection of the Severn resource approximately 100m down dip from the base of the resource and ~620m below surface (see Figure 1). This highlights the potential for the Severn resource to be expanded with further drilling. Severn is already by far the largest of the 4 deposits comprising the Heemskirk Tin Project and remains open down dip and along strike. Tin mineralisation at Severn generally occurs within zones of sulphide vein networks including pyrite and pyrrhotite, with cassiterite (tin oxide). The ZS143 significant intercepts contain increased amounts of visible pyrrhotite and cassiterite and have high magnetic susceptibility readings (see Figure 2). Pyrrhotite is an iron sulphide which is both magnetic and conductive and is commonly associated with increased levels of cassiterite mineralisation at Severn.
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