Stellar Resources Limited (ASX: SRZ) Reports High-Grade Tin Drilling Results
High-Grade Tin Discovery at Queen Hill
Stellar Resources Limited (ASX: SRZ) has reported exceptional drilling results from its ongoing diamond drilling program at the Queen Hill deposit of the Heemskirk Tin Project in Tasmania. The latest drillhole, ZQ170, revealed multiple high-grade tin mineralisation zones, including a significant intersection of 17.0m at 1.79% Sn, surpassing the previous resource model.
Drilling Progress and Future Plans
The current drilling campaign, involving 24 holes across approximately 9,500m, is focused on upgrading Inferred resources to the Indicated category and exploring potential extensions. To date, a total of 9 holes for 4340 metres have been successfully completed. Additional drilling, including hole ZQ173, is currently in progress to further evaluate the resource’s depth and continuity.
Managing Director and CEO Simon Taylor remarked, “Drilling at Heemskirk continues to deliver outstanding results with the first hole from Queen Hill ZQ170 returning multiple zones of high-grade tin mineralisation down hole. We look forward to providing further updates on prefeasibility activities, including drilling results, ore sorting, and metallurgical results, as they come to hand.”
Encouraging Results from Other Drillholes
The results from drillholes ZQ167 and ZQ169 also confirmed mineralisation in the northern part of the deposit, indicating the system remains open for further exploration. Significantly, drillhole ZQ170 has also encountered valuable zinc, lead, and silver mineralisation, highlighting the potential for a polymetallic resource.
Resource Expansion Objectives
Stellar’s operations at the Heemskirk Tin Project aim to become development-ready. The company is conducting a prefeasibility study, incorporating metallurgical testwork and ore sorting trials to enhance recovery estimates. Downhole electromagnetic surveys will further assist in identifying lateral extensions of the mineralised zones.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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