11th Aug 2022 13:24
First Tin PLC - London-based tin development company with projects in Germany and Australia - Starts a fully funded programme of diamond drilling at its flagship Tellerhauser tin deposit in Germany. Says it is a key workstream focused on "adding high grade tin mineralisation to the indicated resources already present at the project".
Says the drilling will consist of five parent diamond drill holes, with each having up to five daughter holes. First Tin says the drilling will also enable "collection to new sample of the Dreiberg mineralisation for additional mineral processing testwork". Dreiberg mineralisation was originally intersected by Soviet Union drilling undertaken between the late 1960s and early 1980s.
Chief Executive Officer Thomas Buenger says: "The deeper drilling at Tellerhauser is an exciting progression for First Tin, the objective of which is to add high grade tin mineralisation to our indicated resources."
Expects first assay results in the fourth quarter of 2022.
Current stock price: 13.56 pence, up 2.3%
12-month change: down 55%
By Xindi Wei; [email protected]
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