The exploration company Elementos has discovered a zone of fluorite mineralisation at the Foleys Zone Exploration Target beneath the Cleveland Tin Mine in north-west Tasmania.
Final assays from the recently completed drill hole at the Cleveland Project, Tasmania, confirm a large, high-grade zone of fluorite (aka. fluorspar) mineralisation over 394m within the Foleys Zone Target, which sits under the historic Cleveland Tin Mine.
Assays show a single continuous zone of 319.5m @ 5.97% CaF2 (fluorite) from 772.4m (downhole) as well as multiple high-grade zones (6.0-10.8% CaF2).
The Foleys Zone now a significant critical minerals target with fluorite mineralisation consistently co-mineralised with four other critical minerals; tungsten, rubidium, molybdenum and bismuth.
Elementos Limited has intersected a large continuous zone of fluorite mineralisation comineralised with previously reported4 assays of tungsten, rubidium, molybdenum and bismuth within the Foleys Zone Exploration Target, which sits under the historic Cleveland Tin Mine in north-west Tasmania.
Managing Director Joe David said:
“The Cleveland Tin Project has officially emerged as more than just a tin and copper project, its critical minerals potential has exceeded all expectations and could amplify possible future economic outcomes for the development considerably.
“Multiple assays have confirmed significant and continuous mineralisation over 500m made up of fluorite, tungsten, rubidium, molybdenum and bismuth. (see Figure-2).”
“Desktop programs are now underway, which may also lead to the re-logging and sampling of historic core, will seek to quantify grades and tonnages of these critical minerals that are likely to be co-mineralised but previously unreported within the current 4.0Mt tungsten Inferred Mineral Resources Estimate (MRE)1.”
“The company remains focussed on developing the 7.5Mt of tin and copper Mineral Resources2 associated with the old tin mine, with both these minerals listed as critical and/or strategic minerals in Australia and the USA.”