InvestmentPitch Media Video Discusses TinOne Resources’ Report of First Drill Results from its Great Pyramid Tin Project in Tasmania, Australia, with All Holes Returning Tin-Bearing Intersections

2022年06月30日18:00

VANCOUVER, British Columbia, June 30, 2022 (GLOBE NEWSWIRE) -- TinOne Resources. Inc. (TSXV:TORC) reported the first drill results from its Great Pyramid Tin project in Tasmania, Australia. The Great Pyramid Tin project is one of the company’s portfolio of tin projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comment from Chris Donaldson, TinOne’s Executive Chairman. The video is available for viewing on “InvestmentPitch.com” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “TinOne” in the search box.

Drilling commenced on April 27th, on the initial program of approximately 5,500 metres, with three drill rigs currently operating, including two Diamond Drill rigs and one Reverse Circulation rig. The initial objective was to test the depth and lateral extension of the historical resource, test a large-scale IP chargeability anomaly adjacent to the historic resource; and obtain grade and continuity data utilising modern drill and analytical techniques, within the area of the historic resource.

Results reported today, from the first 764 metres of the drill program, are predominantly from the upper portions of the project area within the historical resource area and demonstrate consistent tin grades over substantial thicknesses. They represent complete results for seven reverse circulation drill holes and partial results for one additional RC hole. All holes returned tin-bearing intersections and provide support for the historical drill data.

Highlights include the following encouraging intersections:

  • Hole 22GPRC003 which returned 0.25% tin over 39 metres,
  • Hole 22GPRC005 which returned 0.29% tin over 23 metres,
  • Hole 22GPRC006 which returned 0.19% tin over 30 metres, and
  • Hole 22GPRC007 which returned 0.30% tin over 21 metres.

Mineralised intersections were also encountered beneath the historical resource area and demonstrate that in certain areas mineralisation extends to depth below the historical resource area, consistent with historical drill data.

The previous owners of the Great Pyramid project estimated an Inferred Resource reported under the JORC 2012 guidelines, of approximately 10,000 tonnes of tin at a grade of 0.2% tin. Although the resource is defined by close spaced drilling, the resource was classified by the previous owners as Inferred due to the historic nature of the data.

In addition to the RC drill results reported here, an additional 1,102 metres of diamond drilling has been completed within, lateral to and beneath the historical resource area. Drill core processing is underway with an initial 209 metres of core dispatched to the laboratory with the assays being fast tracked and a turnaround of 23 days is anticipated.

TinOne Resources is one of the Inventa Capital (www.inventacapital.ca) portfolio companies.

The shares, which started trading on the TSX Venture Exchange on January 5th, are trading at $0.125. For more information, please visit the company’s website, www.TinOne.ca, contact Chris Donaldson, Executive Chairman, at 604-813-3931 or by email at info@TinOne.ca.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. TinOne Resources has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:

InvestmentPitch Media

Barry Morgan, CFO

bmorgan@investmentpitch.com

關注我們Facebook專頁
    相關新聞
      更多瀏覽