Stellar (ASX:SRZ) strike a multi-metal discovery at North Scamander

Stellar (ASX:SRZ) strike a multi-metal discovery at North Scamander

September 19, 2023 0 By Rueben Hale

Stellar Resources‘ maiden drill hole into its North Scamander Project has returned heavy intervals of silver, tin, zinc, lead, indium, and gallium, confirming a significant polymetallic discovery in northeast Tasmania.

The 32.0m @ 141 g/t Ag, 0.34% Sn, 3.8% Zn, 2.0% Pb, 77 g/t In and 19 g/t Ga strike from 130.0m came with individual results as high as 1,035 g/t Ag, 5.75% Sn, 27.6% Zn, 21.2% Pb, 1,070 g/t In and 37 g/t Ga.

The discovery bears similarities with the polymetallic systems of the world-class Bolivian Tin Belt and the heady grade of indium compares favourably with established indium and base metal deposits.

“The outstanding results returned from our maiden drill hole demonstrates the huge potential yet to be unlocked at North Scamander, and we look forward to growing our understanding of this new discovery which complements our already significant tin Mineral Resource inventory at our flagship Heemskirk Tin Project,” Stellar Executive Director Gary Fietz said.

“We are delighted with these results and are already planning for a downhole electromagnetic survey to be completed next month with the results to assist with follow-up drill testing of this exciting target as soon as practicable.”

Forward plan

A downhole electromagnetic survey at the project is planned for next month as Stellar begin plotting its next round of drilling, with petrological and mineralogical studies planned to identify and understand the deportment of all key metals.

The company see North Scamander being prospective for multiple styles of mineralisation, but a high-grade polymetallic vein and breccia-hosted system indicated by the maiden hole will be the immediate priority.

There is also potential for stockwork-hosted copper mineralisation coincident with the untested main magnetic anomaly and Greisen-style Sn-Li mineralisation.

Stellar earlier this month increased its indicated tin resource at Heemskirk by almost a quarter and the substantial lift is expected to support a pre-feasibility study over its collection of deposits the company believe stand as the highest-grade undeveloped tin project in the nation.

SRZ North Scamander Map
North Scamander overlain on regional magnetic

[mstock id=”9377″]

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

We are a boutique environment – the home of uncompromisingly high-quality brands spanning news, opinion, and interaction, priding ourselves on promoting discussion and understanding that facilitates growth. We work closely with our clients to really understand what they are trying to achieve and use best practice available to do that!

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005

Stewart Walters
Managing Director
+61 414 644 166

Amanda Ellis
Chief Content Producer
+61 438 003 868

Important links

Follow us