Stellar Resources Says Drilling at Tasmania Deposits Encounters High-Grade Tin, Shares Up 5%

MT Newswires Live

May 19

Stellar Resources (ASX:SRZ) said drilling results from the Montana deposit and the Severn deposit at its Heemskirk tin project in Tasmania intersected high-grade tin mineralization, according to a Tuesday Australian bourse filing.

It hit an intercept of 4.7 meters at 1.29% tin from 242.5 meters. Continued drilling is planned at Montana with a second hole already underway to increase the category and confidence of mineralization.

At Severn, drilling intercepted 34.8 meters at 0.47% grade of tin from 530.7 meters, as well as four meters at 1.78% grade of tin from 492 meters. The firm expects to report updated resources for the Severn deposit during the June quarter and to complete the prefeasibility study in the second half.

Its shares fell 5% in recent trading on Tuesday.

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Continued drilling is planned at Montana with a second hole already underway to increase the category and confidence of mineralization.</p><p>At Severn, drilling intercepted 34.8 meters at 0.47% grade of tin from 530.7 meters, as well as four meters at 1.78% grade of tin from 492 meters. The firm expects to report updated resources for the Severn deposit during the June quarter and to complete the prefeasibility study in the second half.</p><p>Its shares fell 5% in recent trading on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2636886880","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636886880","pubTimestamp":1779157189,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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