Metals X Limited (ASX: MLX) has reported “outstanding” results, including record breaking intersections, from its current drilling campaign at the Bell 50 area of the Renison Tin Operations in Tasmania.
The record drill intersection at Bell 50 came in at 30.10m at 4.58% Sn from 233.0m within hole U6966 (true width).
Metal X Managing Director, Damien Marantelli, said this is the intersection is the best drill result ever recorded at Renison under the current ownership and represents the deepest drill intersection at Bell 50 to date. In further good news, the hole remains open at depth.
“These latest Bell 50 drilling results are outstanding. Bell 50 continues to deliver; due to its proximity to the Area 5 discovery and development project, these high-grade intersections are very significant,” Mr Marantelli, said.
“Work is now underway on the Area 5 Mining Optimisation Study to establish the infrastructure requirements, mine planning and production schedule for Area 5 which will then lead into studies for the development and mining of the Bell 50 resource. We expect this work to be completed within the next six months.
“Importantly, given the proximity of Area 5 to existing operations and the recently completed preliminary ventilation enhancements, mining of material from the top of the orebody has commenced and will continue during the current financial year.
“Further outstanding opportunities at Renison continue to emerge and the Company intends to provide a complete update on those opportunities in the immediate future.”
Bell 50 is located below and down-plunge of the high-grade Area 5, which is currently in development. Renison is 50%-owned by Metals X through the Bluestone Mines Tasmania Joint Venture (BMTJV).
The high grade Area 5 zone is currently in development, with drilling during 2018 defining Mineral Resources totalling 4.47Mt at 1.91% Sn.