DGAP-News: Deutsche Rohstoff AG: Tin International publishes extended resource estimate
(firmenpresse) - DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Tin International publishes extended resource
estimate
08.10.2012 / 08:30
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Deutsche Rohstoff AG: Tin International publishes extended resource
estimate for its Gottesberg tin project
25% of total resource upgraded to 'indicated' category/Initial resource
estimate for copper content
Heidelberg/Brisbane. Tin International Ltd., Brisbane, Australia, in which
Deutsche Rohstoff AG holds a majority stake, has released a new resource
estimate for the tin project Gottesberg in the Ore Mountains in
Saxony/Germany. The full reports for Gottesberg and the company's second
licence area Geyer/Ore Mountains, which have been compiled by an
independent expert of the Australian company Mining One have now been
finalised. They correspond to the internationally acknowledged Australian
JORC standard.
For the Gottesberg resource the independent experts estimates 42.1 million
tons of ore at an average grade of 0.27% tin (cut-off grade 0.15% tin),
which corresponds to contained 114,000 tons of tin. Of this total amount,
29,000 tons have now been classified in the higher category 'Indicated',
after the expert included an additional 42 drill holes from the 1980s that
had been carried out from underground mining shafts. The data from these
drillings has only become available recently. A higher cut-off grade at
0.35% tin results in a resource of 33,000 tons of tin with an average grade
of 0.49%. 10,000 tons thereof are assigned to the category 'Indicated'.
Also for the first time a JORC estimate of the copper content of the ore in
Gottesberg has been calculated. At the lower cut-off grade the expert
estimates 38,000 tons of copper at an average grade of 0.09%, at the
cut-off rate of 0.35% he estimates 8,000 tons of copper at an average grade
of 0.12%. In both cases, the estimation of the copper content is assigned
to the category 'Inferred'.
Tin International plans to commence a further drilling program in
Gottesberg in the first quarter of 2013, with the aim of increasing both
the overall resource and the tonnage of higher grade zones within the
resource. Under the current state of knowledge, the deposit could be
expanded both in adjacent areas where abandoned mines are recorded, as well
as to depth. Also for the first half of 2013, Tin International plans to
prepare a scoping study, which will determine the layout of further work.
Heidelberg, 8 October 2012
Deutsche Rohstoff AG (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 gold, oil&gas and so called
high tech metals such as tin, tungsten, and rare earth metals. All projects
are located in countries marked by political stability, the core area being
Germany. 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:
Thomas Gutschlag
gutschlag(at)rohstoff.de
+49 6221 871 000
End of Corporate News
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08.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: 06221-87100-11
Fax: 06221-87100-22
E-mail: gutschlag(at)rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76
WKN: A0XYG7
Indices: Entry Standard (Performance TOP 30)
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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187866 08.10.2012
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