Elementos announced a substantial finding, intersecting approximately 420m of tungsten mineralisation in the "Foleys Zone" exploration target at the Cleveland Tin Project in Tasmania.
The discovery was made during a diamond drill hole (C2124A) that reached a total depth of 1,122m downhole.
The mineralisation, encountered between 672m and 1,092m depth, includes quartz veining within strongly altered sediments containing visual tungsten indicators such as wolframite, scheelite, and additional minerals including molybdenite, fluorspar/fluorite, and chalcopyrite.
The observed mineralisation depth spans approximately 580m to 960m vertically below the historic Cleveland Tin Mine portal.
Elementos' Managing Director, Joe David, commented, "Elementos has always believed that the tungsten Exploration Target at the Cleveland Tin Project could be a significant contributor in the future of the asset."
"However, to now physically observe approximately ~420m of visually identifiable mineralisation in the core trays from our drilling into the exploration target is very exciting to the company and the future prospectivity of the deposit," David added.
The company has finished drilling, logging, cutting, and sampling, collecting 296 core samples from the Foleys Zone.
The samples are being analysed at ALS Laboratories in Brisbane, and the assay data, expected in batches, will be crucial in evaluating the mineralisation's prospectivity.
Elementos continues to maintain optimism about the mineralisation's potential.
The company is preparing to sub-sample core samples for preliminary tungsten ore sorting, mineralogical and metallurgical test work, believing that the quartz veining style of mineralisation will be amenable to ore sorting.
Further assessments are planned to determine the feasibility and economics of the project.