Stellar Resources Limited (ASX:SRZ) Announces New High-Grade Tin Zone
New Drilling Results
Stellar Resources Limited (ASX:SRZ) has reported the interception of a new high-grade tin zone at the Queen Hill Deposit, Heemskirk Tin Project in Western Tasmania. Drill hole ZQ176 intersected 11.0 metres at 1.07% Sn, including 4.0 metres at 1.71% Sn from 327 metres deep, with visible coarse cassiterite.
Executive Comments
Managing Director Simon Taylor stated, “It’s very encouraging to see a new zone of tin mineralisation being intersected at Queen Hill. We have had a firm belief that Queen Hill and Severn are part of a larger tin system with the potential to grow as evidenced in this recent drilling.” He added, “We are very pleased with the infill and extensional drill program results to date and look forward to continued drilling success, with three rigs operating and drilling underway testing the DHEM target to the south at Queen Hill.”
Drilling Progress
To date, Stellar has completed 17 of the planned 24 drill holes, totaling 8,290 metres. The current drilling program aims to advance Heemskirk to a development-ready status, with the Prefeasibility Study on track for delivery in the second half of 2025.
Motley Fool contributor Abbie Stokes 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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