Noronex Completes First Round of Exploration at Alaska Tin Project

en.Wedoany.com Reported - On October 6, Australian mining exploration company Noronex announced that it had completed the first round of field and geophysical exploration at the Sleitat tin-tungsten-silver project in Alaska, USA. The work completed approximately 250 line-kilometers of high-resolution airborne magnetic and radiometric surveys with a line spacing of 50 meters; field geological mapping confirmed that the northern mineralized greisen system extends along strike for more than 1 kilometer, beyond the coverage of historical drilling. The company also collected approximately 150 rock samples in the project area for multi-element analysis, metallurgical testing, and ore sorting trials.

The Sleitat project consists of 33 Alaska state mining claims covering approximately 2,137 hectares. Historical exploration was mainly concentrated in the northern greisen zone, with a total of 14 diamond drill holes totaling approximately 1,400 meters, of which 9 holes were completed between 1984 and 1988 and 5 holes were completed in 2006. No drilling had previously been carried out in the southern greisen zone. Noronex completed the acquisition of the project in September and currently holds a 100% interest in the Sleitat project.

Historical drilling results include hole Cass 84-06, which intersected 29.1 meters from 20.4 meters with 1.56% tin and 28 g/t silver, including 3.1 meters at 12.55% tin and 198 g/t silver; and hole Cass 88-08, which intersected 47.9 meters with 0.40% tin, including 9.45 meters at 2.99% tin and 124 g/t silver. The U.S. Bureau of Mines produced a historical resource estimate for Sleitat in 1989 of approximately 25.9 million tonnes at grades of up to approximately 0.37% tin, 0.04% tungsten, and 17 g/t silver; this data does not comply with the current JORC Code and has not been classified by Noronex as a mineral resource.

Noronex has received the first batch of airborne geophysical data, with interpretation results from the magnetic and radiometric surveys planned for completion in October, and assay results from rock samples expected in November. The company also plans to inspect the drill core from 14 historical drill holes stored at the Alaska Geologic Materials Center in Anchorage in October, and to combine the newly acquired geophysical, geological mapping, and surface sampling data to determine follow-up drilling targets.

The company will subsequently initiate permitting work required for the first round of drilling, with the initial drilling program scheduled for the next field season, subject to exploration results, permitting, site access conditions, funding, and board approval.