REG - First Tin PLC - The assay results at Tellehauser

First TinAnnouncement

22/12/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221222:nRSV4874Ka&default-theme=true

RNS Number : 4874K  First Tin PLC  22 December 2022

 

 

 

 

 

 

 

 

 

22 December 2022

First Tin Plc

("First Tin" or "the Company")

The assay results from the first two drillholes at Tellehauser

 

First Tin Plc ("First Tin"), a tin development company with advanced, low
capex projects in Germany and Australia, is pleased to report the assay
results from the first two drillholes from the drill programme into the deep
Dreiberg mineralisation that was set up with the aim to add indicated to the
inferred resources at its Tellerhauser Project in Germany.  The project is
owned by First Tin's 100% owned German subsidiary, Saxore Bergbau GmbH
("Saxore").

The two drillholes were designed to confirm results of previous drilling by
Wismut during the 1970s that intersected high grade tin mineralisation at
depth along strike from the known resources at the Tellerhauser project, and
to increase the indicated resources.

 

The two areas tested are at depths of between 800m and 900m below surface and
between 3,000m and 4,000m along strike from the Hämmerlein Indicated Resource
area and 1,000m to 2,000m along strike from the Dreiberg Indicated Resource
area.

 

The two drillholes intersected the targeted skarn zone and returned the
following significant intercepts:

 

·    Drillhole SAXDRE25:

o  1.5m from 805.7m downhole grading 0.75% Sn, 1.00% Zn, 33ppm In including:

§ 0.6m @ 1.43% Sn, 1.99% Zn, 62ppm In from 806.0m downhole

·    Drillhole SAXDRE34:

o  3.85m from 887m downhole grading 0.63% Sn, 1.29% Zn, 58ppm In including:

§ 1.35m @ 1.49% Sn, 0.78% Zn, 122ppm In from 887,75m downhole

These intercepts confirm previous Wismut drilling from the 1970s and will form
the basis for additional drilling designed to increase the Indicated Resource
base at Tellerhäuser.

 

 

First Tin CEO Thomas Buenger said, "These initial drilling results from our
deep drilling programme have confirmed the previous Wismut drilling and
increased our confidence in the deep higher grade mineralisation.  We look
forward to the results of the next two holes that are expected in January next
year."

 

 

 

 

 

 

 

 

 

Enquiries:

 

 First Tin                                                                      Via SEC Newgate below
 Thomas Buenger - Chief Executive Officer
 Arlington Group Asset Management Limited (Financial Advisor and Joint Broker)
 Simon Catt                                                                     020 7389 5016

 WH Ireland Limited (Joint Broker)
 Harry Ansell                                                                   020 7220 1670

 SEC Newgate (Financial Communications)
 Elisabeth Cowell / Axaule Shukanayeva /                                        07900 248 213

 Molly Gretton

 

Notes to Editors

First Tin is an ethical, reliable, and sustainable tin production company led
by a team of renowned tin specialists. The Company is focused on becoming a
tin supplier in conflict-free, low political risk jurisdictions through the
rapid development of high value, low capex tin assets in Germany and
Australia.

Tin is a critical metal, vital in any plan to decarbonise and electrify the
world, yet Europe has very little supply. Rising demand, together with
shortages, is expected to lead tin to experience sustained deficit markets for
the foreseeable future. Its assets have been de-risked significantly, with
extensive work undertaken to date.

First Tin's goal is to use best-in-class environmental standards to bring two
tin mines into production in three years, providing provenance of supply to
support the current global clean energy and technological revolutions.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLBFLFLLLLXFBF