Business
Tellerhäuser Drilling and DFS Update
Tellerhäuser Drilling and DFS Update.
About this update from First Tin Plc
[{"type":"text","content":"\n \n \n 13 March 2023\n \n \n \n \n \n First Tin Plc\n \n \n (\"First Tin\" or \"the Company\")\n \n \n \n \n \n \n Tellerhäuser Drilling and DFS Update\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, is pleased to provide an update on its drilling programme and Definitive Feasibility Study (\"DFS\") currently being undertaken at its Tellerhäuser Tin Project in Germany. Additionally, the Company announces that a considerable amount of additional historic drilling data has recently been located which could potentially add resources at a significant cost saving to drilling its own holes. The project is owned by First Tin's 100% owned German subsidiary, Saxore Bergbau GmbH (\"Saxore\").\n \n \n \n \n \n \n Drill Results\n \n \n \n \n \nFirst Tin has received positive results from the second two deep drillholes undertaken as part of the drill programme into the deep Dreiberg mineralisation. This programme is designed to add Indicated Resources to its Tellerhäuser Project in Germany by confirming the continuity of mineralisation previously identified by Wismut during 1970s and early 1980s. Wismut previously intersected high grade tin mineralisation at depth, along strike from the known Indicated Resources at the Dreiberg seam (Figure 1).\n \n \n \n \n \n The two areas tested are at depths of between 800m and 900m below surface and between 3,000m and 4,000m along strike from the Hämmerlein Indicated Resource area and 1,000m to 1,500m along strike from the Dreiberg Indicated Resource area. Both drillholes intersected the targeted skarn horizon and returned the following significant downhole intercepts:\n \n \n \n \n \n ·\n \n Drillhole SAXDRE24:\n \n \n \n o \n 5.90m skarn from 810.3m downhole grading 0.40% Sn, 0.74% Zn, 43.0ppm In, 5.9g/t Ag\n \n \n §\n Including (0.5% Sn lower cut-off): 1.35m @ 1.26% Sn, 2.16% Zn, 130.3ppm In, 20.0g/t Ag from 811.6m downhole\n \n \n ·\n \n Drillhole SAXDRE31:\n \n \n \n o \n 2.90m skarn from 877.2m downhole grading 0.71% Sn, 0.48% Zn, 56.4ppm In, 6.5g/t Ag\n \n \n §\n Including (0.5% Sn lower cut-off): 0.95m @ 2.02% Sn, 1.39% Zn, 163.0ppm In, 18.7g/t Ag from 877.7m downhole\n \n \n As reported in December 2022, First Tin's previous two holes also intersected the targeted skarn z...