15,000 tonnes of tin estimated/Further exploration potential
Heidelberg/Chemnitz. The well-reputated international geological and mining consultancy company CSA Global (www.csaglobal.com) has prepared a first resource estimate for the Sadisdorf tin project. Based on the available data the company reports a resource size of approximately 3.5 million tonnes, containing 15,000t tin at an average grade of 0.44%. The estimation is based on a cut-off grade of 0.25%. The resource has been classified under the category of “Inferred”. The report, in accordance with the new JORC (Joint Ore Reserves Committee) 2012-Standard, is now available. The majority of the resource is located near-surface up to a depth of 250m. The report confirms that the project has good exploration potential, both laterally and at depth. The report has been prepared based on the data of numerous historical activities as well as additional surface and underground exploration sampling and mapping. Expensive drilling activities were not necessary.
Jörg Reichert, Managing Director of Sachsenzinn, said: “We regard the results of CSA’s JORC report as positive. Sadisdorf is a near-surface deposit with a compact shape and good grades. Based on the recommendations of the report we will now plan land use and the further development of the deposit. In a next step we plan to extend the resource and in the medium term convert it to higher resource category.”
Through the Australian Holding company Tin International Deutsche Rohstoff holds the majority ownership in Sachsenzinn GmbH, which develops the Saxon tin projects. In addition to Sadisdorf, for which the license was granted by the Saxon Mining Authority at the beginning of 2013, the company holds the licenses for the projects Gottesberg and Geyer. All three deposits now have a resource classification according to the international JORC standard.
Sadisdorf is located approximately 15 kilometers from Altenberg. Tin mining has historically occurred at both locations since the 15th century with copper and molybdenum as by-products. The Altenberg tin mine was the largest of the historical metal mines in the Ore Mountains. It ceased operation only in 1991.
Heidelberg, 16 September 2014
Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company’s focus is placed on oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in political stable countries with high environmental standards. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de.
Contact
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
info@rohstoff.de