Venture Minerals has identified a second tin prospect six kilometres from its flagship Mt Lindsay project in north-west Tasmania. The first hole drilled at the Big Wilson prospect intersected 47 metres of mineralisation with grades ranging from 1.0% to 5.6% tin. The prospect area was a site of alluvial mine workings in the late 1800s and early 1900s and Venture believes that the discovery hole may have intersected the primary lode.
In a statement Venture Minerals Managing Director Hamish Halliday said: “The grade and style of mineralisation in this discovery hole can only be described as world class. To put the discovery into context, Venture drilled 134 diamond holes at Mt Lindsay before we intersected mineralisation as good as this and we have achieved this result at Big Wilson with the first drill hole.”
“Obviously this is only the first hole, but the combination of high-grade skarn style mineralisation and, typically large tonnage, greisen style mineralisation, suggests there is potential for a very important new discovery. Big Wilson could be analogous with Tasmania’s great tin discoveries of the past, which would be a major milestone for northwest Tasmania. In addition, the high-grade nature of the discovery opens up significant depth opportunities, as these grades would be amenable to underground mining.”
