TNT Mines’ aim of finding possible commercial tin and tungsten deposits at Aberfoyle and Storey’s Creek is gaining momentum with a raft of exploration activities underway at its Tasmanian projects.
The explorer has completed a review of near-mine targets around the historic Aberfoyle and Storey’s Creek tin-tungsten mines with the unmined Lutwyche-Kookaburra quartz vein system receiving detailed attention as a key brownfield target close to the historical mining operations at Aberfoyle.
The Lutwyche-Kookaburra vein system comprises up to six narrow but strongly mineralised veins accessible via surface shafts and from existing underground development extending from the Aberfoyle mine, 350m below surface.
The combined vein system has been previously considered to offer a target comparable to Aberfoyle (past production 2.1Mt at 0.91% tin and 0.28% tungsten).
Two previously un-sampled surface diamond drill holes have been logged and processed for analysis, and sectional interpretation is underway.
Since listing in November last year TNT Mines has endeavoured to rapidly and cost-effectively complete the first phase exploration programs at its existing Tasmanian tin-tungsten projects, which continue to offer the potential for significant exploration upside,” TNT Mines Chairman Brett Mitchell said.
“With each step we become more encouraged that our tenements offer the potential for more commercial high-grade tin and tungsten resources that are close to infrastructure – both above ground and below – in a stable jurisdiction that is close to the Asia-Pacific economies,” he said.
TNT Mines has also developed a program to evaluate potential greenfield high-grade tin and tungsten deposits in the surrounding area.
Three prospective vein-array targets have been highlighted, with the Rifle Range prospect (located 300m north of Lutwyche-Kookaburra) offering an undrilled ~1km long vein system accompanied by pathfinder zinc-copper soil anomalism.
Meanwhile, maiden drilling will kick off shortly at its Great Pyramid project where a geological mapping and data compilation study was fast tracked to identify the most effective drilling locations to test the broad tin-bearing system at the project. Three target areas have been identified.
Shares in TNT – which has a market cap of around $7.5 million – were trading at 24.5c on Thursday at 11:20am AEST.