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Stellar Resources reports assay results from drillholes ZS157 and ZS158 of the Phase 2B drilling program, focusing on growing the Indicated Mineral Resource in high-grade areas at the Severn deposit.
The updated Mineral Resource Estimate (MRE) is scheduled for mid-2023 and results will support a Pre-Feasibility Study on the Heemskirk Tin Project planned for H2 2023.
Executive Director, Gary Fietz, highlights the contribution of these results towards increasing the Severn Indicated Mineral Resource and expects pending results from additional holes to further contribute.
Assay results from hole ZS156 returned the fifth-best significant intercept recorded to date at Severn on a tin grade thickness basis (Sn%*m) with an outstanding intercept of 42.9m @ 0.77% Sn, extending the north-plunging, high tin grade thickness zone by ~100m down dip and ~100m to the north.
Phase 2B drilling program (8 diamond holes for 3,680m) underway is focused on growing the Severn Indicated Mineral Resource in wide high-grade areas of the deposit.
Hole ZS159 commenced on 14 February 2023 and is currently at 140m of the 350m planned depth.