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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (38474)	6/11/2009 8:31:15 PM
From: LoneClone	Read Replies (1) \| Respond to of 195465

Tin project news Release date: 11 Jun 2009 itri.co.uk Possibly warmed up by the recent rise in tin and other metals prices, a number of companies have this week released information on possible new tin mine projects, including several Australian companies exploring properties in Tasmania. Venture Minerals has identified possible high grade (around 1% Sn) tin zones within the poly-metallic Mount Lindsay project in northwest Tasmania. Surface samples from the Reward prospect and other recent work point to higher grade tin in at least three target areas outside the current inferred tin resource of 23 million tonnes at 0.2% tin (for 49,000 tonnes of contained tin) announced in January. The Mt Lindsay deposits also include tungsten and magnetite. Another ASX listed company, Minemakers Limited, is drilling around the old Aberfoyle mine, both to the north and south of the historic workings. Aberfoyle was one of Australia’s largest tin mines, producing some 2.1 million tonnes of ore at 0.91% Sn over its life. Minemakers will now integrate its new exploration work with various historic survey data, but says the new results “lead to encouragement for mine development” to the north of the old mine. Meanwhile Stonehenge Metals announced that it is selling its Heemskirk mine to McDermott Mining. The small operation operated briefly late last year, before low prices and operating problems forced the company to close it down in early November. McDermott Mining previously owned the property before selling it to Stonehenge in 2006. Finally the Canadian company Colt Resources Inc. reported on exploration results at its Penedono and Armamar Meda concessions in northern Portugal. The Bebezes area of the latter concession are said to contain significant tungsten and tin values, based on the analysis of samples from old workings, and Colt believes there is potential for the development of an open pit mine there.