Elementos Ltd spins drill bits at Cleveland’s Tin-Copper project in Tasmania

The company expects to complete the exploration program and report results in the first half of 2022.

Elementos Ltd’s (ASX:ELT, OTC:ELTLF) five-hole drill program at the Cleveland Tin-Copper project in Tasmania is now underway.

The exploration campaign aims to test anomalies along strike and northeast of the current tin-copper-tungsten project resource, as well as another target in the previously mined area.

Elementos will continue the program with downhole geophysical surveys, which it hopes will support other targeting campaigns in the future.

The ASX-lister is trading amid favorable tin prices, with the commodity reaching over $43,000 a tonne on the London Metal Exchange and around $52,000 on the Chinese tin market.

ELT expects to complete the exploration program and report results in the first half of 2022.

Realize the mineralized potential

Elementos managing director Joe David said the proposed 1,230 meters of drilling would target greater tin-copper mineralization along strike and within a significant gap between historical drilling and currently defined mineral resources. .

“The company is excited to test the potential of the exploration targets that have been defined following an extensive investigation by our geological team, including computer and field reconnaissance work programs.” , did he declare.

“The team digitized, repackaged and reinterpreted mountains of historic geological, geophysical and drillhole data to greatly serve our goal of intercepting additional mineralized zones that could redefine the scope of the Cleveland Tin-Copper and Tungsten Project.

David went on to say that the drilling would test historical clean potential (SP) anomalies along the northeast strike of the current mineral resource.

“The fifth hole targets an untested zone that lies between the northeast and southwest dipping legs of the historic underground mining workings and current mineral resources,” he concluded.

About Cleveland

Elementos’ Cleveland Tin-Copper project lies 80 kilometers southwest of Burnie in Tasmania’s mineral-rich northwest.

It is a historic underground mine site that already has electrical, hydraulic and transportation infrastructure.

Cleveland was operated as an underground mine by Aberfoyle Resources from 1968 to 1986, and the project hosts a JORC-compliant mineral resource and ore reserve.