MGT Resources announced the results from Phase Three of the 2013 Summer Hills drilling program, with grades of the better shallow intercepts ranging from 0.38% to 2.28% tin. The purpose of the program was to expand and upgrade tin resources at Summer Hills, part of the company’s Mt Garnet project in northern Queensland, in order to provide feed for its refurbished Mt Veteran tin processing plant. Phase Three drilling was conducted entirely at the Dalcouth prospect which lies approximately 500 metres from the Plant.
Executive Chairman and Managing Director Jonathan Back said: “This is the third and most successful phase so far of the drilling programs at Dalcouth this year, and sets us up as per plan to provide a JORC resource update following the completion of Phase Four which is currently underway. The scope of the results demonstrates the strength of our technical team. The close proximity of Dalcouth to our processing plant and the shallow tin mineralisation are stand-out features of this project.”
Dalcouth is one of many promising targets within the company’s mining leases. MGT plans to expand the Mt Veteran plant from 70,000 tpy to 250,000 tpy capacity. At full expanded capacity the operation could produce some 1,000 tpy of tin-in-concentrate.
