24m @ 1.25% Cu and 0.28 g/t Au from 201m depth down hole including 5m @ 2.79% Cu
Further assay details are provided in Appendix 2
Kaiser Bill had a previous JORC resource (based on the JORC code 2004 edition) of 13,500,000 indicated tonnes at 0.8% Cu, 0.1 g/t Au, 6 g/t Ag and 1,500,000 inferred tonnes at 0.9% Cu, 0.1 g/t Au and 11 g/t Ag.9 (Refer Kagara Limited ASX release 25 October 2011) Further work on structural interpretation and assessment of existing drilling data is underway to develop a follow up drilling program to explore for further potential mineralisation and to update the JORC resource to the current 2012 guidelines.
Further ground base IP and magnetic surveys are planned for the known resource areas of Kaiser Bill, Chloe/Jackson, and also within the Surveyor/Balcooma areas. Several drill targets were identified with an initial drill program of 2,300meters commenced in July 2015. Further near term drilling plans will focus on Kaiser Bill, Chloe and Jackson extensions as well as infill drilling to focus on potential high grade areas and to advance existing inferred and indicated resources to indicated and measured status.
Page | 1
This area forms part of the Regional Exploration drilling program on an identified resource known as 'Kaiser Bill' within the Einasleigh District, situated approximately 290kms west‐northwest of Townsville and 250km southwest of Cairns in North Queensland. John Banning, Managing Director, states 'The significant intercept and results confirm to the company the upside potential of the Kaiser Bill resource contained within the Einasleigh Project area and the potential for existing high class resource increase and future resources to be located within this area.'
Summary of Results
KB 150 was collared at 186814E, 7948718N (MGA94z55) with an Azimuth of 203 Degrees and targeted to intersect the north‐east dipping Hill Fault with the south‐west plunging main Kaiser Bill Deposit. The Kaiser Bill sulphide resource dips south at approximately 30 degrees, and plunges to the west‐south‐west, therefore KB150 drilled partially down‐dip and partially down‐plunge.
Hole_ KB150
|
Northing (m) 7948718N
|
Easting (m) 186814E
|
RL (m) 483
|
EOH(m) 288.1
|
Dip
‐60
|
Azi
203 Degrees
|
FROM:
|
TO:
|
INTERVAL:
|
%Cu
|
g/t Ag
|
g/t Au
|
KB150
|
102
|
105
|
5
|
0.79
|
0.0
|
0.07
|
KB150
|
110
|
117
|
7
|
0.75
|
4.7
|
0.09
|
KB150
|
124
|
137
|
13
|
0.92
|
4.8
|
0.16
|
KB150
|
142
|
151
|
9
|
1.23
|
7.2
|
0.12
|
Includes
|
143
|
147
|
4
|
2.40
|
16.0
|
0.24
|
KB150
|
157
|
170
|
13
|
0.82
|
1.5
|
0.14
|
KB150
|
157
|
187
|
30
|
1.03
|
1.8
|
0.17
|
KB150
|
201
|
225
|
24
|
1.25
|
5.8
|
0.28
|
Includes
|
215
|
220
|
5
|
2.79
|
17.6
|
0.66
|
KB150
|
233
|
240
|
7
|
0.81
|
0.6
|
0.22
|
KB150
|
254
|
271
|
17
|
0.87
|
2.2
|
0.15
|
About Consolidated Tin Mines Limited
Consolidated Tin Mines is finalising the acquisition and transfer of all assets held by SPM under an Asset Sale Agree (ASA) set out in a notice of meeting released to ASX on 1st December 2014 . When complete the Company will become a base metal producing company producing Zinc, Lead and Copper concentrates with a Silver co‐ product. During the transitional period the company manages the SPM operations which produce polymetallic ore with the ore processed at the Mount Garnet concentrator located approximately 140km south west of Cairns in Northern Queensland. As part of the acquisition of SPM assets the company is actively exploring within the highly prospective Einasleigh/Greenvale area in North Queensland held by SPM through a free carry farm in agreement. The company is also a focused tin explorer and developer. Its major tin development project, comprised of the Gillian and Pinnacles deposits, is located at Mount Garnet in North Queensland. All CSD projects are located in established mining areas in close proximity to the company's owned and operating concentrating infrastructure.
Wanguo International Mining Group
Wanguo is a Hong Kong listed public company and is principally engaged in the business of mining, with an operating copper mine in the Jiangxi Province, China. Wanguo's farm in to earn a 50% interest requires them to develop an additional 20 Mt JORC Measured Resource or complete 150,000m of drilling on the exploration areas.
Wanguo has and will continue to fund and manage all exploration activity as well as be responsible for all costs, environmental and reporting requirements.
Wanguo commenced ground exploration activities in November and December 2014 focusing initially on the Surveyor‐Balcooma and Einasleigh district tenements. The team returned in May 2015 with a team of eight experienced technical personnel.
Competent Person's Statement
The information regarding the exploration activities and information set out in this ASX Release is based on information compiled by Mr Terry Lees, a Competent Person, who is a consultant to the Wanguo exploration program, and a Fellow of Australian Institute of Geoscientist. Mr Lees has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to quality as a Competent Person as defined in the 2012 Editions of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Lees consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For further information please contact: Cairns Corporate Headquarters Phone: +61 (0) 7 4032 3319
Website: www.csdtin.com.au Email: [email protected]
APPENDIX 1
Appendix 2
DRILL HOLE ‐ KB 150
|
From
|
To
|
Cu %
|
Au g/T
|
Ag g/T
|
98
|
99
|
0.01
|
|
|
99
|
100
|
0.03
|
|
|
100
|
101
|
0.05
|
|
|
101
|
102
|
0.31
|
|
3
|
102
|
103
|
0.54
|
0.02
|
|
103
|
104
|
0.85
|
0.08
|
|
104
|
105
|
0.72
|
0.07
|
|
105
|
106
|
1.09
|
0.12
|
|
106
|
107
|
0.74
|
0.07
|
|
107
|
108
|
0.31
|
0.04
|
|
108
|
109
|
0.11
|
|
|
109
|
110
|
0.33
|
0.02
|
|
110
|
111
|
0.89
|
0.14
|
6
|
111
|
112
|
0.76
|
0.13
|
6
|
112
|
113
|
0.64
|
0.05
|
4
|
113
|
114
|
0.69
|
0.07
|
4
|
114
|
115
|
0.86
|
0.12
|
7
|
115
|
116
|
0.55
|
0.05
|
|
116
|
117
|
0.84
|
0.06
|
6
|
117
|
118
|
0.18
|
|
|
118
|
119
|
0.22
|
|
|
119
|
120
|
0.07
|
|
|
120
|
121
|
0.07
|
|
|
121
|
122
|
0.09
|
|
|
122
|
123
|
0.04
|
|
|
123
|
124
|
0.36
|
0.04
|
|
124
|
125
|
0.46
|
0.03
|
|
125
|
126
|
1.03
|
0.16
|
5
|
126
|
127
|
1.82
|
0.45
|
6
|
127
|
128
|
0.64
|
0.09
|
4
|
128
|
129
|
0.85
|
0.64
|
16
|
129
|
130
|
1.88
|
0.22
|
14
|
130
|
131
|
1.07
|
0.06
|
8
|
131
|
132
|
0.31
|
0.07
|
|
132
|
133
|
0.36
|
0.03
|
|
133
|
134
|
0.48
|
0.03
|
|
134
|
135
|
0.36
|
0.04
|
|
135
|
136
|
1.23
|
0.11
|
5
|
136
|
137
|
1.45
|
0.16
|
5
|
137
|
138
|
0.32
|
|
|
138
|
139
|
0.03
|
|
|
DRILL HOLE ‐ KB 150
|
From
|
To
|
Cu %
|
Au g/T
|
Ag g/T
|
139
|
140
|
0.03
|
|
|
140
|
141
|
0.02
|
|
|
141
|
142
|
0.04
|
|
|
142
|
143
|
0.48
|
0.09
|
|
143
|
144
|
1.60
|
0.2
|
11
|
144
|
145
|
1.94
|
0.1
|
19
|
145
|
146
|
4.48
|
0.45
|
27
|
146
|
147
|
1.45
|
0.21
|
8
|
147
|
148
|
0.14
|
|
|
148
|
149
|
0.09
|
|
|
149
|
150
|
0.42
|
0.03
|
|
150
|
151
|
0.49
|
0.04
|
|
151
|
152
|
0.32
|
0.03
|
|
152
|
153
|
0.11
|
0.03
|
|
153
|
154
|
0.24
|
0.02
|
|
154
|
155
|
0.03
|
|
|
155
|
156
|
0.04
|
|
|
156
|
157
|
0.09
|
|
|
157
|
158
|
1.04
|
0.1
|
9
|
158
|
159
|
1.20
|
0.19
|
6
|
159
|
160
|
0.97
|
0.14
|
|
160
|
161
|
0.84
|
0.09
|
|
161
|
162
|
0.74
|
0.08
|
|
162
|
163
|
0.87
|
0.05
|
|
163
|
164
|
1.05
|
0.34
|
|
164
|
165
|
1.10
|
0.35
|
|
165
|
166
|
1.10
|
0.25
|
|
166
|
167
|
0.15
|
0.02
|
|
167
|
168
|
0.56
|
0.04
|
5
|
168
|
169
|
0.38
|
0.03
|
|
169
|
170
|
0.69
|
0.08
|
|
170
|
171
|
0.19
|
|
|
171
|
172
|
0.20
|
|
|
172
|
173
|
0.15
|
|
|
173
|
174
|
0.32
|
|
|
174
|
175
|
0.72
|
0.1
|
|
175
|
176
|
0.40
|
0.05
|
|
176
|
177
|
0.70
|
0.11
|
|
177
|
178
|
2.10
|
0.41
|
5
|
178
|
179
|
0.34
|
0.04
|
|
179
|
180
|
0.30
|
0.14
|
|
DRILL HOLE ‐ KB 150
|
From
|
To
|
Cu %
|
Au g/T
|
Ag g/T
|
180
|
181
|
0.22
|
0.02
|
|
181
|
182
|
0.74
|
0.1
|
|
182
|
183
|
1.08
|
0.12
|
6
|
183
|
184
|
0.44
|
0.06
|
|
184
|
185
|
0.50
|
0.04
|
|
185
|
186
|
0.61
|
0.1
|
|
186
|
187
|
0.55
|
0.07
|
|
187
|
188
|
0.07
|
|
|
188
|
189
|
0.48
|
0.05
|
|
189
|
190
|
0.03
|
|
|
190
|
191
|
0.05
|
|
|
191
|
192
|
0.14
|
0.02
|
|
192
|
193
|
0.51
|
0.03
|
|
193
|
194
|
0.26
|
0.01
|
|
194
|
195
|
0.06
|
|
|
195
|
196
|
0.00
|
|
|
196
|
197
|
0.01
|
0.02
|
|
197
|
198
|
0.02
|
|
|
198
|
199
|
0.01
|
|
|
199
|
200
|
0.03
|
0.02
|
|
200
|
201
|
0.27
|
0.03
|
|
201
|
202
|
0.64
|
0.19
|
|
202
|
203
|
0.93
|
0.24
|
|
203
|
204
|
1.53
|
0.33
|
4
|
204
|
205
|
1.20
|
0.25
|
3
|
205
|
206
|
0.58
|
0.11
|
4
|
206
|
207
|
0.65
|
0.18
|
|
207
|
208
|
1.21
|
0.25
|
3
|
208
|
209
|
0.80
|
0.13
|
4
|
209
|
210
|
0.59
|
0.09
|
3
|
210
|
211
|
1.80
|
0.35
|
9
|
211
|
212
|
1.29
|
0.25
|
5
|
212
|
213
|
1.42
|
0.23
|
5
|
213
|
214
|
0.84
|
0.12
|
|
214
|
215
|
0.94
|
0.22
|
|
215
|
216
|
1.96
|
0.44
|
5
|
216
|
217
|
3.42
|
0.94
|
13
|
217
|
218
|
4.42
|
1.24
|
30
|
218
|
219
|
1.59
|
0.29
|
13
|
219
|
220
|
2.57
|
0.42
|
27
|
220
|
221
|
0.10
|
0.02
|
|
DRILL HOLE ‐ KB 150
|
From
|
To
|
Cu %
|
Au g/T
|
Ag g/T
|
221
|
222
|
0.12
|
0.03
|
|
222
|
223
|
0.02
|
|
|
223
|
224
|
0.12
|
0.02
|
|
224
|
225
|
1.21
|
0.42
|
12
|
225
|
226
|
0.02
|
|
|
226
|
227
|
|
|
|
227
|
228
|
0.00
|
|
|
228
|
229
|
0.02
|
|
|
229
|
230
|
0.02
|
0.03
|
|
230
|
231
|
|
|
|
231
|
232
|
0.00
|
|
|
232
|
233
|
0.14
|
|
|
233
|
234
|
0.60
|
0.15
|
|
234
|
235
|
0.33
|
0.04
|
|
235
|
236
|
1.37
|
0.25
|
|
236
|
237
|
1.60
|
0.46
|
|
237
|
238
|
0.80
|
0.32
|
|
DRILL HOLE ‐ KB 150
|
From
|
To
|
Cu %
|
Au g/T
|
Ag g/T
|
238
|
239
|
0.27
|
0.13
|
|
239
|
240
|
0.72
|
0.17
|
4
|
240
|
241
|
0.06
|
0.02
|
|
241
|
242
|
|
|
|
242
|
243
|
0.01
|
|
|
243
|
244
|
|
|
|
244
|
245
|
0.02
|
|
5
|
245
|
246
|
0.33
|
0.04
|
|
246
|
247
|
0.21
|
0.21
|
|
247
|
248
|
0.06
|
|
|
248
|
249
|
0.06
|
|
|
249
|
250
|
0.02
|
|
|
250
|
251
|
0.42
|
0.05
|
|
251
|
252
|
0.37
|
0.09
|
|
252
|
253
|
0.05
|
|
|
253
|
254
|
0.15
|
0.01
|
|
254
|
255
|
2.84
|
0.64
|
9
|
DRILL HOLE ‐ KB 150
|
From
|
To
|
Cu %
|
Au g/T
|
Ag g/T
|
255
|
256
|
1.03
|
0.19
|
|
256
|
257
|
1.03
|
0.15
|
|
257
|
258
|
0.67
|
0.12
|
|
258
|
259
|
0.50
|
0.06
|
|
259
|
260
|
0.50
|
0.07
|
|
260
|
261
|
0.56
|
0.06
|
|
261
|
262
|
0.66
|
0.1
|
|
262
|
263
|
0.63
|
0.13
|
|
263
|
264
|
0.33
|
0.03
|
|
264
|
265
|
0.16
|
0.02
|
|
265
|
266
|
0.68
|
0.04
|
5
|
266
|
267
|
0.49
|
0.05
|
|
267
|
268
|
0.81
|
0.23
|
|
268
|
269
|
0.49
|
0.16
|
|
269
|
270
|
2.52
|
0.45
|
16
|
270
|
271
|
0.93
|
0.13
|
7
|
271
|
272
|
0.36
|
0.03
|
7
|
*
Appendix 3
The following information is provided to comply with the JORC (2012) requirements for the reporting KB150 drilling results on tenement EPM 13072
SECTION 1 SAMPLING TECHNIQUES AND DATA
Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (e.g. cut
channels, random chips, or specific specialised industry standard measurement tools appropriate to the
minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used
Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information
Drilling techniques Drill type (e.g. core, reverse circulation,
open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).
Drill sample recovery Method of recording and assessing core
and chip sample recoveries and results assessed
Measures taken to maximise sample recovery and ensure representative nature of the samples
Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.
Diamond drill core (NQ2 size) was sampled.
Drill core was oriented by the drilling company using a standard Reflex orientation device on the core barrel. The bottom of hole line (BoH) was used to mark where to split the core, and the same side sampled if possible.
Assay intervals are determined geologically; typically 1m intervals, but not more than 1.5m. The whole sample crushed to
Diamond drilling NQ2, with oriented core from standard Reflex core orienting tool.
During logging core loss was documented. In the mineralized interval core loss was insignificant.
No measures, as entire hole is diamond core with good recovery.
No sample bias as all drill core, with very good drill core recovery.
Criteria JORC Code explanation Commentary
Whether core and chip samples have
Logging
been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
The total length and percentage of the
NA. Kaiser Bill has Inferred and Indicated Resources reported by Copper Strike Ltd in 2010.
Logging is conventional qualitative; all core is photographed.
relevant intersections logged All core islogged.
Sub-sampling techniques and sample preparation
If core, whether cut or sawn and whether quarter, half or all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the sample preparation technique.
Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.
Core is sawn along 'BoH' orientation line (if present), and half core taken.
NA.
Diamond sawing of core and sampling half core is appropriate.
The current QAQC regime involves the submission of one blank sample and one certified low grade sample, at random intervals but averaging every 30 samples. QAQC standards are also used in-house by the laboratory.
Quality of assay data and laboratory tests
Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the material being sampled.
The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
The drill hole targeted a specific intersection of a fault and the main sulphide deposit. The hole was not designed to drill across strike, and was drilled partly down dip and partly down plunge.
Half core is appropriate.
Dissolution by 4 acids is considered 'near-total' digestion. Au by fire assay and ICP up to ore grade for base metals is appropriate.
No geophysical tools or XRF instruments were used for any results in this report.
Criteria JORC Code explanation Commentary
Quality of assay data and laboratory tests continued
Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.
The current QAQC regime involves the submission of one blank sample and one certified low grade sample, at random intervals but averaging every 30 samples. QAQC standards are also used in-house by the laboratory.
Accuracy and precision are at an acceptable level. External laboratory checks will be undertaken as more results are returned.
Verification of sampling
and assaying The verification of significant intersections by either independent or alternative company personnel.
Significant intersections were not checked by an independent company or person. Assay results were checked against logging as a validation.
The use of twinned holes. Not at this time.
Documentation of primary data, data
entry procedures, data verification, data storage (physical and electronic) protocols.
In accord with the company's 'Exploration Procedures Manual'.
Discuss any adjustment to assay data. No adjustments to assay data.
Location of data points Accuracy and quality of surveys used to
locate drillholes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
Hole collar located with GPS. KB150 is a few metres from an earlier, accurately surveyed drill hole collar. The hole was surveyed with single shot down-hole device, normally every 30m.
Data spacing and
Specification of the grid system used. MGA94 zone55
Quality and adequacy of topographic
control. Topographic coverage is adequate.
KB150 targeted the intersection of fault with the main
distribution Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
Whether sample compositing has been
sulphide deposit, and reflects the partly down-dip and down- plunge orientation of the drill hole. KB150 is drilled within the previous defined Inferred and Indicated resources.
NA; as an exploration hole. However the hole may help establish continuity in a future resource calculation.
Orientation of data in
applied. No.
The hole targeted a fault intersection, thought from evidence
relation to geological structure
Whether the orientation of sampling
achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
of other, surrounding holes to be a locus of high grades. KB150 tested this intersection appropriately, with the fault intersected 124-127m, but the fault here appears not to be particularly well mineralised.
KB150 targeted the intersection of the fault with the main sulphide deposit, the broad intercepts in KB150 reflects the partly down-dip and down-plunge orientation of the drill hole.
Sample security The measures taken to ensure sample security.
Audits or reviews The results of any audits or reviews of
Samples kept in the company's core storage facility until transported by commercial carrier to the lab.
sampling techniques and data. No audits have beenconducted
SECTION 2 REPORTING OF EXPLORATION RESULTS
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status
Exploration done by other parties
Geology
Type, reference name/number, location and ownership including agreements or material issues with third parties including joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
Acknowledgment and appraisal of exploration by other parties.
EPM13072, held by Snow Peak Mining Pty Ltd. Located 250km south west of Cairns. Subject to Assets Sales Agreement to Consolidated Tin Mines Limited, as approved by Company shareholders on 12 January 2015 and farm-in Agreement with Wanguo International Mining Group.
Granted under Private Indigenous Land Use Agreement with Ewamian Native Title Parties.
Significant previous work by Copper Strike Ltd, and before that Teck Cominco.
The host sequence of Kaiser Bill is the Palaeoproterozoic Einasleigh Metamorphics, consisting of amphibolite-grade or higher, calc-silicate, pelitic to psammitic gneiss, amphibolite and leucogneiss, intruded by Permo- Carboniferous felsic dykes.
Deposit type, geological setting and style of mineralisation
Drill hole information A summary of all information material to
the understanding of the exploration results including tabulation of the following information for all Material drill holes:
-
Easting and northing of the drill hole collar
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Elevation or RL (Reduced Level - elevation above sea level in meters) of the drill hole collar
-
Dip and azimuth of the hole
-
Down hole length and interception depth
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Hole length