Announcement Date: 2023-01-10
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Elementos Ltd.
Project name: Oropesa
Location: Spain
Commodities: Tin
Highlight: Drilling results incl. 52.8m at 0.20% Sn from 206.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Elementos Limited (ASX: ELT) is pleased to report assay results from its latest two infill drill holes at its Oropesa Tin Project, Spain, which have intersected large zones of tin mineralisation. Elementos’ infill drilling program3 continues to extend mineralisation beyond the Oropesa geological resource model, which underpinned the 2021 Mineral Resource Estimate1 . Drilling aims to upgrade the remaining Inferred Mineral Resources that sit within the 2022 Optimisation Study4 US$30,000/t pit shell. Drill hole ADD_28 has returned three significant zones of tin mineralisation which exceed the 2021 geological resource estimate cut-off grade of 0.15% Sn*¹. These three zones have an impressive combined downhole length of 99.8m (true width interpreted to be approximately 50m), and sit largely outside the previously modelled Mineral Resource wireframes.
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