The Directors of Aus Tin Mining Limited (the Company) are pleased to provide the following update in respect of its Mt Cobalt project, approximately 40km west of Gympie, Queensland.
The Company has today commenced a drilling program to target potential high grade cobalt extensions to the historic Smiths Mine 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.
The current drilling program will comprise approximately 200m of diamond drilling targeting mineralisation below the historic Smiths Mine. Diamond drilling is expected to provide information on geological structure, including the location and orientation of the shear zone that is thought to control the higher grade cobalt-nickel-manganese mineralisation.
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