First Tin PLC has released an update on the recent soil sampling program conducted over its Taronga Tin Project and surrounding areas in Australia. The sampling has confirmed extensions to known mineralization to the northeast and southwest, identified potential satellite tin mineralization targets, and confirmed the absence of significant mineralization beneath proposed rock dumps. The soil sampling program has outlined the Taronga mineralization using a 500ppm (parts per million) Sn (tin) cut-off, revealing the extent of the mineralization and potential extensions.
The plus 500ppm Sn anomaly extends to the northeast and southwest of the known mineralization, suggesting likely extensions in those directions. The company has identified several nearby targets with the potential to serve as supplementary feed sources for the proposed Taronga processing plant. Anomalies 2 to 7, and the NE and SW extensions of anomaly 1, require additional sampling, geological mapping, and, if warranted, drilling. These may represent supplementary feed for the proposed Taronga processing facility.
First Tin CEO, Bill Scotting, expressed satisfaction with the results, stating, "Our sampling has reassured First Tin that no significant mineralization is present in the designated waste rock dumps, as well as confirming the potential for extensions to the Taronga mineralization to both the northeast and southwest." The company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia. Tin is a critical metal, vital in any plan to decarbonize and electrify the world, and Europe has very little supply.