Business
Positive Intercepts from Gottesberg, Germany
Positive Intercepts from Gottesberg, Germany.
About this update from First Tin Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n 01 September 2022\n \n \n \n First Tin Plc\n \n \n (\"First Tin\" or \"the Company\")\n \n \n \n Positive Intercepts from Gottesberg, Germany\n \n \n \n \n \n \n First Tin Plc (\"First Tin\"), a tin development company with advanced, low capex projects in Germany and Australia\n , is pleased to announce that the latest two diamond drillholes received from the Gottesberg tin project in German has intercepted broad zones of higher grade mineralisation. \n \n \n \n \n \n Results from drillholes SaxGB002_1 and SaxGB002_3 have been returned (see Figure 1) with significant intercepts including:\n \n \n ·\n \n 73.3m @ 0.49% tin\n \n (\"Sn\") from 91.7m including 15.6m @ 0.74% Sn from 149.4m\n \n \n ·\n \n 2.5m @ 2.72% Sn, 2.56% W\n \n from 128.2m followed by\n \n \n ·\n \n 6.95m @ 1.46% Sn, 0.26% Cu, 7.7g/t Ag\n \n from 143.65m\n \n \n These results, further details on which can be found below, follow on from the previously reported intercept of 6.5m @ 0.98% Sn from 124.7m announced on 20 June 2022, and are significantly higher than the average resource grade at Gottesberg, which contains 42.1Mt grading 0.27% Sn (114,000t tin) as reported under JORC 2012 guidelines (see\n \n \n www.firsttin.com\n \n \n for details). \n \n \n \n \n \n Combined, the results to date validate the Board's belief that a higher grade core exists within the large but moderate grade Gottesberg deposit. During the programme, undertaken between, 24 November 2021 and 30 March 2022, 16 drillholes for a total length of 2080.5m were drilled from seven drill sites in the project area. Results have now been returned from 10 drillholes with six drillholes remaining outstanding. \n \n \n \n \n \n Gottesberg is of particular interest as a potential source of high-grade mineralisation that may be able to be pre-concentrated and transported to a central milling facility at the Tellerhäuser project, which is approximately 25km away, for additional processing.\n \n \n \n \n \n \n First Tin CEO Thomas Buenger said,\n \n \"These results confirm that broad zones of significantly higher grade material are present within the overall moderate grade Gottesberg deposit. This confirms our exploration model and supports our vision of implementing a possible hub and spo...