Sept. 8(ITRI) -- TSX-listed Eurotin has recently provided updates on the status of two of its tin projects in Spain: the Oropesa primary deposit and the Santa Maria alluvial project. Although exploration work is still at an early stage, it believes that both have potential to become major tin operations.
At Oropesa, located in southwest Spain, the company has now determined that it has drilled sufficient holes to define the surface extent of the tin mineralization and that the results obtained over the past year are sufficiently promising to justify commencing a drill program for resource definition purposes. At a cut-off grade of 0.5% tin, there have been 32 intercepts with an average grade of 0.86% and an estimated true width of 10.2 metres. Peter Miller, Eurotin's president and chief executive officer, commented: "Most of the world's hardrock tin production comes from deposits that are rarely more than a few metres thick. We are therefore very encouraged by these drill results, which indicate a well-mineralized tin deposit of unusual thickness and extent”.
"The company now believes the region around Oropesa is a tin district, generally accepted as being a large area in which multiple, significant-size tin deposits are located. If correct, this would be the world's first new tin district discovery in the past 40 years. In the short term, the company's focus will be on developing the Oropesa deposit with the intention of bringing the top-200 to top-250 metres to an initial resource status by mid-2012.” Eurotin has also received conditional approval of applications for two new investigation permits nearby.
The Santa Maria tin project, located 40 kilometres north of the city of Caceres in central Spain, was in the past a small scale open pit operation which was explored by Phelps Dodge in the 1980s. However Eurotin is more interested in the potential for the discovery of large alluvial deposits nearby and will start exploration drilling to test this concept later this year. “Our next priority is to find the current whereabouts of the tin once contained in the estimated two billion to three billion tonnes of colluvials eroded away over the last 10 million to 15 million years. It is our belief these colluvials have been re-concentrated and re-deposited as higher-grade alluvial deposits to the northwest of the Santa Maria pits” Miller said.