Sky Metals (ASX:SKY) has commenced a major reverse circulation drilling campaign at its 100%-owned Tallebung Tin Project in central New South Wales.
The extensive program includes approximately 70 reverse circulation holes totalling over 8,000m, targeting the expansion of known resources and the discovery of new, higher-grade tin zones.
Recent drilling at Tallebung has intersected tin mineralisation beyond the current Resource, confirming that the deposit remains open in all directions.
The current campaign focuses on shallow extensions to the mineralisation, particularly in the southern portion of the existing mineral resource estimate, to upgrade portions to the indicated category.
The areas are expected to form a key part of early-stage mining to enable rapid capital payback.
Initial assays are expected in May, with a continuous flow of results anticipated in the months ahead.
In tandem with the drilling, the company is advancing a bulk sample metallurgical program to refine its processing flowsheet and produce marketable tin concentrates to support offtake agreements.
CEO Oliver Davies stated, "This drilling has delineated significant higher-grade mineralisation beyond the existing resource, presenting exciting growth opportunities which will be followed up in this next round of drilling."
At the time of reporting, Sky Metals' share price was $0.043.