Stelar Metals (ASX:SLB) reports the presence of ‘high-grade’ zinc mineralisation at surface following rock-chip sampling activities at its 100% owned Linda Zinc Project in South Australia.
The results, generated from rock-chip samples collected from outcrop at the projects Linda Prospect, have returned the existence of ‘high-grade’ zinc mineralisation, with assays including:
- Sample L00166: 16.5% Zn and 1% Pb
- Sample L00167: 14.1% Zn and 8.5% Pb
Speaking on the results, Stelar Metals Chief Executive Officer, Colin Skidmore, said: “Stelar’s new high-grade zinc results from the whole-rock laboratory analysis confirms the Company’s field exploration techniques at Linda.
“The very high grades at this early stage is exciting”
The very high grades at this early stage is exciting as 20% combined lead-zinc is generally considered direct shipping ore (DSO), which is similar to past zinc production from Perilya’s Beltana Zinc Mine nearby.”
The company also notes that its maiden soil geochemical survey conducted in May has also identified the existence of a ‘large’ coherent zinc soil anomaly that extends 300m x 250m and remains open to the south and north.
In addition, the existence of these newly identified surface mineralisation and soil data reinforces that historic BHP (ASX:BHP) drilling failed to test the mineralisation potential of the Linda Prospect.
The Linda Zinc Project is located within the Flinders Ranges region of South Australia and covers a total land tenure of 190km-square, with Stelar Metals owning 100% of all associated tenements.
The project area is situated on a group of structures which host diapir within the southeast margin of the tenement, highlighting a potential fluid pathway for mineralisation.
With assays from the recent rock sampling returned, Stelar announces that it has commenced immediate follow-up soil sampling and mapping at Linda to extend the known mineralisation to the north, south and west and generate targets for drill testing later on this year.
Images: Stelar Metals Ltd
