First Tin PLC The assay results at Tellehauser (4874K)
December 22 2022 - 2:00AM
UK Regulatory
TIDM1SN
RNS Number : 4874K
First Tin PLC
22 December 2022
22 December 2022
First Tin Plc
("First Tin" or "the Company")
The assay results from the first two drillholes at
Tellehauser
First Tin Plc ("First Tin"), a tin development company with
advanced, low capex projects in Germany and Australia, is pleased
to report the assay results from the first two drillholes from the
drill programme into the deep Dreiberg mineralisation that was set
up with the aim to add indicated to the inferred resources at its
Tellerhauser Project in Germany. The project is owned by First
Tin's 100% owned German subsidiary, Saxore Bergbau GmbH
("Saxore").
The two drillholes were designed to confirm results of previous
drilling by Wismut during the 1970s that intersected high grade tin
mineralisation at depth along strike from the known resources at
the Tellerhauser project, and to increase the indicated
resources.
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 2,000m along
strike from the Dreiberg Indicated Resource area.
The two drillholes intersected the targeted skarn zone and
returned the following significant intercepts:
-- Drillhole SAXDRE25:
o 1.5m from 805.7m downhole grading 0.75% Sn, 1.00% Zn, 33ppm In
including:
-- 0.6m @ 1.43% Sn, 1.99% Zn, 62ppm In from 806.0m downhole
-- Drillhole SAXDRE34:
o 3.85m from 887m downhole grading 0.63% Sn, 1.29% Zn, 58ppm In
including:
-- 1.35m @ 1.49% Sn, 0.78% Zn, 122ppm In from 887,75m
downhole
These intercepts confirm previous Wismut drilling from the 1970s
and will form the basis for additional drilling designed to
increase the Indicated Resource base at Tellerhäuser.
First Tin CEO Thomas Buenger said, "These initial drilling
results from our deep drilling programme have confirmed the
previous Wismut drilling and increased our confidence in the deep
higher grade mineralisation. We look forward to the results of the
next two holes that are expected in January next year."
Enquiries:
First Tin Via SEC Newgate
below
Thomas Buenger - Chief Executive
Officer
Arlington Group Asset Management
Limited (Financial Advisor and Joint
Broker)
Simon Catt 020 7389 5016
WH Ireland Limited (Joint Broker)
Harry Ansell 020 7220 1670
SEC Newgate (Financial Communications)
Elisabeth Cowell / Axaule Shukanayeva
/
Molly Gretton 07900 248 213
Notes to Editors
First Tin is an ethical, reliable, and sustainable tin
production company led by a team of renowned tin specialists. The
Company is focused on becoming a tin supplier in conflict-free, low
political risk jurisdictions through the rapid development of high
value, low capex tin assets in Germany and Australia.
Tin is a critical metal, vital in any plan to decarbonise and
electrify the world, yet Europe has very little supply. Rising
demand, together with shortages, is expected to lead tin to
experience sustained deficit markets for the foreseeable future.
Its assets have been de-risked significantly, with extensive work
undertaken to date.
First Tin's goal is to use best-in-class environmental standards
to bring two tin mines into production in three years, providing
provenance of supply to support the current global clean energy and
technological revolutions.
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END
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