ASX Alert!

@ElementosTin (#ASX #ELT) has identified a significant and shallow #gold, #copper, #silver and #zinc target at the #Cleveland #Tin Project from an electromagnetic downhole (DHEM) survey which followed the 2024 drilling program.

Managing Director Joe David said:

“Whilst precious metals are currently not the core focus for Elementos, we cannot ignore the potential significance of this copper-gold-silver target and have commenced planning to drill it to test the lateral and vertical orientation of this newly identified and shallow target.”

“We now have three separate geophysical datasets correlating the prospectivity of this target, which is also only 10-20m to the northwest of the very high-grade, near surface copper, gold, silver and zinc intercept reported from the 2024 drilling program. These data sets align to show a modelled target, the top of which is only 70m from surface and may extend at depth by another 60m and up to over 150m in strike (length). Unfortunately, the DHEM does not provide us with any thickness estimates, so this is why we need the drill rigs to confirm the thickness and orientation.”

“The current geological interpretation is that we may have identified a shallow, high-grade stratiform volcanic massive sulphide (VMS) style of mineralisation, which is spatially close too, but of a different genesis to the main Cleveland mineralised body.”

Read the full announcement here$ELT $ELT.AX
#ASX #ELT #gold #copper #silver #zinc #Cleveland #Tin