Cluff acquires hard rock rights to Ardlethan

12 September 2007 | 05:04 Code : 15246 Geoscience events
Under an agreement with Australian Tin Resources, Cluff Resources Pacific.....

  Under an agreement with Australian Tin Resources, Cluff Resources Pacific NL has secured the hard rock tin resources of the Ardlethan Tin Mine.The leases include the Godfrey and Keogh tin deposits, which are deep unmined bodies. Cluff plans to explore the tenements to determine if there are any economic mineral resources available for further mining processing and development. Located in southern New South Wales, the Ardlethan Tin Mine produced in excess of 31,500 tonnes of metallic tin from 1912 to 2004. At current prices, the tin produced from these leases to date would be valued at $550m. The Godfrey tin deposit lies beneath the previously mined out Carparthia and Stackpool tin deposits, and has an inferred resource of 2.8 million tonnes at 0.42 percent tin in at least three separate lenses. The Keogh tin deposit has an inferred resource of 225,000 tonnes at a grade of 0.42 percent tin and 0.08 percent copper. It occurs below and to the north of the Wild Cherry South tin deposit, between 200m and 300m depth, and is on the hanging wall of the main alteration pipe.

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