Eurotin Inc has provided a resource update on its Oropesa tin project in south west Spain. At a 0.1% Sn cut off, the updated mineral resource contains 54,690 and 16,078 tonnes of contained tin in the indicated and inferred classification categories, respectively, an overall increase of 37% in contained tin tonnage compared to a first estimate published in October 2012. The average grade at this cut-off is 0.37% Sn.
The combined resource figures demonstrate some 30,000 tonnes of contained tin within the first 100 metres from surface and 40,000 tonnes of contained tin between 100 metres and 200 metres from surface, indicating the potential for open pit mining. A preliminary economic assessment is underway.
In a statement David Danziger, interim President and CEO, commented: “This new resource is a major step forward in our goal of developing Oropesa into a significant tin producer. We anticipate finding additional surface resources for a potential open pit operation, however due to the type of tin mineralisation at Oropesa, we also recognise that the project’s greatest potential probably lies at depths greater than 200 metres.”
