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First five holes drilled at the Cleveland Project, TAS

Elementos Limited announced the results of the first five holes drilled at the Cleveland Project in northwest Tasmania.

Two significant intersections from the program include:

  • Drill Hole C2102 (Henry’s Lode) – 3.9 metres @ 0.49% Sn* and 0.15% Cu from 32.1 – 36.0 metres
  • Drill Hole C2104 (Khaki Lode) – 3.9m @ 0.78% Sn and 0.25% Cu from 67.1 to 71.0m

The Company is very encouraged by the results of Holes C2102 and C2104 which have the potential to extend the open–cut mineral resource at two of the main tin-copper lode systems defined at Cleveland. The intersections and transition zones have a strong presence of disseminated to semi-massive sulphide mineralisation including pyrrhotite, pyrite, marmatite and chalcopyrite (primary copper mineralisation).

The objectives of the diamond drilling program, which commenced in August is two-fold:

  • Assess the potential for infill and along strike mineralisation to increase the existing open-cut mineral resources at Cleveland of 800,000t @ 0.81% Sn and 0.27% Cu
  • Test the potential for new mineralisation and resources at the three new anomalies identified through the recently completed ground magnetic survey

The recent exploration activities which include mapping, sampling, geophysics and drilling are the first modern exploration activities undertaken at Cleveland since 1986. The Company is now establishing a more comprehensive understanding of the geology and mineralisation at Cleveland which it believes will assist with better target generation for the on-going drilling program.

Chris Creagh, CEO of Elementos, said “The initial drill results received are an encouraging start to the program, highlighting the potential for an incremental increase in the existing open-cut resources at Cleveland

“A total of 16 drill holes are planned targeting infill and extension mineralisation around the existing open-cut resources. An additional 12 drill holes have been planned to test the magnetic anomalies that were detected earlier this year, with drill site access and pad preparations underway”.