The Directors of Aus Tin Mining Limited (ASX:ANW, the Company) are pleased to provide the following update in respect of its Mt Cobalt and Taronga projects.
Mt Cobalt (Qld)
The Company has appointed a drilling contractor, specialising in difficult access drill sites, to undertake a 200m diamond drilling program to test potential high grade cobalt extensions at the historic Smiths (cobalt) Mine. The contractor will mobilise a Diamec 262 drilling rig, more typically used in underground applications, to complete the work. Subject to weather and site preparation the program is expected to commence in the coming weeks. The Company will target potential high grade cobalt extensions to the historic Smiths Mine (Figure 1), where historic records report mining of a lode approximately 7m in true width to a depth of 25m at a grade of 7.5%Co, 2.5%Ni and 18%Mn.
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