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VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- TinOne Resources. Inc. (TSXV:TORC) (OTCQB:TORCF) (FSE:57Z0), focussed on advancing its highly prospective portfolio of projects in Australia, has expanded its recent lithium discovery. The company’s portfolio of tin, tin/tungsten and lithium projects are located in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia.
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The company controls some of the most important tin districts in Tasmania, including Rattler Range, Great Pyramid and the 100%-owned 9,600-hectare Aberfoyle Project, which consists of two separate blocks.
The Aberfoyle project area straddles the boundary between the Silurian to Devonian Mathinna Supergroup sedimentary rocks and the Devonian Ben Lomond Granite. The historic Aberfoyle (tin) and Storeys Creek (tin-tungsten) mines as well as other vein systems are hosted in the sedimentary rocks and occur as strike extensive systems of sheeted and stockwork veining. Elevated lithium has not previously been reported from the project area.
In February, the company announced that during exploration programs for tin across the Aberfoyle project, geologists sampling mica altered granite discovered lithium, including 5 samples with elevated lithium values of 0.1% Li2O or above with a maximum of 0.57% Li2O. A further 43 rock samples were recently collected in the same area over an area of approximately 1 square kilometre at the Dead Pig and Guinea Pig prospects, which have confirmed the earlier discovery of lithium-bearing rocks.
This new round of sampling returned eleven samples with Li2O greater than 0.50% and a maximum value of 1.14% Li2O.
Sampling to date has defined an area of approximately 12 hectares within which the >0.20% Li2O samples occur. Preliminary interpretations indicate that the higher-grade mineralization occurs in NNW-trending parallel zones which to date have been defined up to 250 m in strike length. Further work is required to better define the surface morphology of the mineralization and the width of mineralized zones.