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Tin July 08, 2022 01:01:45 AM

Widespread Areas of Potential at Aberfoyle

ITRI
ScrapMonster Author
TinOne Resources acquired the Aberfoyle project in April 2020 and has been particularly active at the site since listing on the Toronto Stock Exchange.

Widespread Areas of Potential at Aberfoyle

SEATTLE (ITRI.CO.UK): Results from TinOne Resources’ recent exploration programme at Aberfoyle have unearthed widespread areas of potential, according to Executive Chairman Chris Donaldson.

TinOne Resources acquired the Aberfoyle project in April 2020 and has been particularly active at the site since listing on the Toronto Stock Exchange. Aberfoyle covers a collection of historic workings in north-eastern Tasmania – primarily the eponymous Aberfoyle tin-tungsten mine. However, the area includes Storeys Creek, Rex Hill, and Royal George. Collectively, the four historic mines saw recorded tin production of over 20,000 tonnes.

Despite the historic workings, the Aberfoyle area has seen limited modern exploration as most of the mining activity ceased in the early 1980s. TinOne’s recent exploration work aimed to identify targets for diamond drilling. Alongside traditional geological mapping, the company collected rock samples form across the area. Fourty-four of the 173 samples returned tin grades above 0.1% Sn, with a peak value of 4.9% Sn. The majority of the areas with high tin grades have had extremely limited exploration according to the company. The work also revealed that historic workings could be much larger than previously thought.

“We have unearthed widespread areas of potential marked by tin anomalism, historical workings, extensive alteration, veining and brecciation in areas that have had little to no exploration work”, explained Chris Donaldson. The company will use the results of the programme to determine “quality targets for future drilling”, he said. Drilling may begin in Q4 2022, depending on actual results and priorities.

ITRI View: The positive results at Aberfoyle follow TinOne’s recent success at Great Pyramid, the company’s other tin project. We look forward to the publication of drilling results some time next year.

Courtesy: www. itri.co.uk

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