Highlights
- Surface rock samples taken by previous explorers at its Rattler Range project returned values of 0.26% Li2O and 0.21% Li2O
- Other samples returned between 0.01% and 0.2% Li2O
- The samples were recorded as mica-rich, greisen altered granite
- These samples are associated with similar granites to the lithium-bearing samples reported by TinOne at its
Aberfoyle project, supporting the concept that the northeasternTasmania tin-tungsten province may also be a fertile lithium province
"We are extremely excited to have located these historical samples so soon after our own discovery of lithium-bearing altered granite at our
Key Results
In the course of compiling historic data from its Rattler Range project TinOne's technical team found reference to an historical exploration program in the area in 2016-2017 that returned highly elevated lithium values. The program was extremely limited in scale and consisted of the collection of thirteen rock samples from nine locations in the Rattler Range area and the taking of fifteen quarter core samples from four historical drill holes in the Mount Terror-Mount Paris area.
The details of these thirteen rocks are shown in Table 1 and Figure 3 which show that the elevated lithium from this program is clustered in the Rattler Hill area with three of the five samples returning >0.1% Li2O and a maximum of 0.26% Li2
The highest value obtained from the core resampling program was 0.1% Li2O from a 20 cm sample taken from 69.7 metres downhole in drillhole MT4. The sample is described as "quartz-mica greisen with wall-rock xenoliths". The original drill logs from 1981 indicate that whole core was taken for tin analysis through some intervals, therefore the 2017 sampling may not have sampled the most greisenised material.
To the knowledge of TinOne no other lithium-focussed exploration has been carried out at Rattler Range or any of its northeastern
Table 1. Rattler Range Historical Rock Sample Details
Sample | East | North | Li2O % | Description |
LE4096 | 564398 | 5437740 | 0.10 | Quartz-mica-tourmaline greisen |
LE4097 | 564360 | 5437674 | 0.03 | Quartz-mica-tourmaline greisen |
LE4098 | 564335 | 5437746 | 0.02 | Quartz-mica-tourmaline greisen, quartz-rich band, |
LE4099 | 564335 | 5437746 | 0.02 | Quartz-mica-tourmaline greisen, quartz-rich band, |
LE4100 | 564335 | 5437746 | 0.04 | Quartz-mica-tourmaline greisen |
LE4101 | 564439 | 5437850 | 0.01 | Quartz-mica-tourmaline granite, vugs with coarse |
LE4102 | 569769 | 5435931 | 0.04 | Quartz-mica greisen, greenish clay alteration |
LE4103 | 569769 | 5435931 | 0.04 | Quartz-mica greisen, pegmatitic quartz bands, |
LE4104 | 571578 | 5435058 | 0.01 | Vein-like band of quartz, minor fine pale |
LE4105 | 572166 | 5435012 | 0.14 | Quartz-mica greisen, limonitic vugs, trace green |
LE4106 | 572166 | 5435012 | 0.21 | Oxidised coarse quartz-mica-greisen |
LE4107 | 572190 | 5435030 | 0.09 | Hard, fresh, fine quartz-mica greisen, traces fine |
LE4108 | 572177 | 5435007 | 0.26 | Oxidised, coarse quartz-mica greisen, common |
Sample co-ordinates are |
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1 Greisen is a term used to described strongly mica-altered granite that can be associated with tin, tungsten and lithium mineral systems. |
2 Available at https://www.mrt.tas.gov.au/mrt_maps/app/list/map |
Next Steps
TinOne has undertaken tin-focussed surface sampling and mapping in the Rattler Range project and is currently awaiting geochemical results from that program. In addition, targeted follow-up of these recently unearthed results will be undertaken to take additional samples and to define the extent of the prospective alteration areas.
Technical Information
The data disclosed in this news release is related to historical exploration results. The reader is cautioned that the historical results are based on prior data and reports prepared by previous property owners. TinOne has not undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results. The reader is cautioned not to treat them, or any part of them, as current and that a qualified person has not done sufficient work to verify the results and that they may not form a reliable guide to future results. No independent QA/QC protocols are known for these samples and as such analytical results may be unreliable. TinOne considers these historical drill results relevant as TinOne is using this data as a guide to plan exploration programs. TinOne's current and future exploration work includes verification of the historical data through further exploration.
High priority initial targets include Bells Hill where multiple mineralized lodes, 1.5 to 6 metres wide, occur over an area of at least 500m of strike length. No systematic exploration has been conducted and only 2 drill holes have been completed at the prospect. Other priority targets include the multi-kilometre scale tin-bearing alteration zones at Ruby Flats,
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3 Source: Mineral Resources Tasmania www.mrt.tas.gov.au |
TinOne is a
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Dr.
Neither
This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the development of the Company's projects; and future mineral exploration, development and production.
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These statements reflect TinOne's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and TinOne has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on early stage mineral projects; metal price volatility; risks associated with the conduct of the Company's mining activities in
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