Tin was the best-performing London Metals Exchange metal in 2016, but prices performed in a choppy fashion in 2017.
That’s not stopping investment by Consolidated Tin in far north Queensland.
Most metals rallied in the second half of the year, and although tin reached high levels it could not sustain the $20,000-per-tonne-mark for too long.
Gains were limited by warehouse stocks and China’s influence cannot be understated. Read more here.
Consolidated Tin Mines continues to ramp up its exploration and mining activities in the Mount Garnet and Einasleigh areas.
The company is advising that Stage 3 drilling at the Mt Garnet Deeps project is underway with two of the planned five drill holes completed to date.
The drilling program focuses on the upper area of the Mt Garnet Deeps mineralisation.
Stage 2 drilling was successful in defining a broad envelope of mineralisation which remains open at depth and to the south.
The Stage 2 drilling provided significant intercepts of economic grade and confirmed a contiguous curtain of mineralisation in what is described as the footwall position within the host skarn lithological envelope.
The Jasmac mineralisation currently spans a strike length of over 200m to a depth of approximately 200m.
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The company restarted production at its Mount Garnet zinc mine mid-2017.