Eurotin Positive on Oropesa Project

May. 3 -- Toronto-listed Eurotin Inc has acquired Stannico, a junior exploration and development company with several tin projects in southern and central Spain, through an exchange of securities. In announcing the deal on 18 April, Eurotin’s President and CEO Peter Miller also gave details of the growing potential for the development of its Oropesa project, based on drilling results since December.

The deposit was identified as a single “significant mineralised structure” in the 1980s by Spain’s state geological survey IGME. Drilling over recent months has identified three further such structures, with a greater indicated strike length than the original one and indicated thicknesses of between 5 and 40 metres. Some 5,000 metres of core drilling has been carried out in 2011 and the company plans to add up to three drill rigs to the two in use up to Easter. Tin assays to date have ranged from 0.2% to 4.8%. Following the better determination of the positions of the mineralised structures, the company will embark on the initial definition of resource and reserve estimates.