Eurotin Inc.
TSX VENTURE : TIN

Eurotin Inc.

November 06, 2013 08:00 ET

Eurotin's Oropesa Current Infill Drill Program is Completed and Initial Assays Received

Company Drills 110 Metres of 0.3% Tin

TORONTO, ONTARIO--(Marketwired - Nov. 6, 2013) - Eurotin Inc. (TSX VENTURE:TIN) ("Eurotin" or the "Company"), is pleased to provide the following drill results and update on its Oropesa tin project, located in SW Spain.

The Company has recently completed an infill drilling program consisting of 22 holes, totalling 4,097 metres. Since 2010, 47,436.7 meters of drilling comprised of 221 diamond drill holes and 16 RC holes have been completed at Oropesa.

The drilling continues to intersect zones containing tin mineralization. The most recent assay results received are shown in the table below. Six holes from the current drill program are still being assayed.

Hole No. Dip & Azimuth From (m) To (m) Width (m) Tin Grade (%)
ORPD 171 57° @ 60° No significant results
ORPD 172 65° @ 20° 81.00 82.70 1.70 0.60%
107.10 110.80 3.70 0.55%
ORPD 173 70° @ 20° 81.80 84.10 2.30 0.53%
118.60 123.10 4.50 2.56%
ORPD 174 86° @ 21° 133.70 148.20 14.50 0.25%
170.5 178.2 7.70 0.56%
ORPD 175 81° @ 346° 63.1 68.7 5.60 0.87%
137 141.6 4.60 0.55%
ORPD 176 80° @ 200° No significant results. Abandoned hole
ORPD 176 BIS 80° @ 200° 100.1 213.70 113.60 0.30%
Inc. 200.9 212.00 11.10 0.55%
ORPD 177 85° @ 14° 85 87.6 2.60 0.93%
103.6 109.9 6.30 0.60%
ORPD 178 84° @ 21° 23.3 27.6 4.30 1.13%
54.35 78.35 24.00 0.31%
93.7 100.75 7.05 0.26%
123 127.25 4.25 0.84%
ORPD 179 56° @ 23° No significant results. Abandoned hole
ORPD 180 65° @ 20° 183.35 192.5 9.15 0.48%
ORPD 181 60° @ 200° 141.9 150.7 8.80 0.26%
201.3 222.5 21.20 0.87%
ORPD 182 90° @ 180° 65.55 67.6 2.05 0.37%
ORPD 186 62° @ 20° 91 98.3 7.30 2.16%
110.3 114.9 4.60 1.48%
ORPD 187 70° @ 20° No significant results
ORPD 189 60° @ 55° No significant results

To view a "Map of Total Current Drill Grid" accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/909387.pdf

Trevor Richardson, President and CEO of Eurotin, comments: "We are pleased to have completed the infill drilling program, which continues to enhance our understanding of the mineralization of the Oropesa tin project. The next stage will be to complete a scoping study which will include a new resource estimate at Oropesa. This infill drilling program has increased our understanding of the style and type of mineralization."

Assay and QA/QC Methodology for Oropesa Drill Core

All core produced is taken daily from each drill site to the Company's secure facility in Fuente Obejuna, where it is logged by the Company's geologists. This process takes place under the supervision of Qualified Person Trevor Richardson, PrSciNat. The core, usually of around one metre length, which is chosen by the Company's geologists for assaying, is then cut in half either at the Company's own facilities at Fuente Obejuna or at ALS Chemex's sample preparation facility in Seville in southern Spain. At the ALS Chemex facility, the cut core is logged into the in house LIMS tracking system, after which each sample is prepared using procedure code 'Prep 31'. This procedure involves the drying, weighing and fine crushing to 70% passing -2mm. A 250g split of the crushed material is then pulverised to greater than 85% passing 75 microns. Samples are then shipped by bonded courier to Vancouver for analysis.

In Vancouver, ALS Chemex procedure ME-XRF10 is used for tin analysis and ME-ICP61 for multi-element (33) analysis. The ME-XRF10 procedure uses 0.9g of calcined sample pulp, which is mixed with 4.5g of lithium tetraborate and 4.5g of lithium metaborate. This mixture is then fused at 1,100°C to produce a flat molten disc, which is subsequently analysed by XRF spectrometry. ALS Chemex analyses its own standard samples and blanks, plus duplicates, within each set of samples provided by the Company. The Company has recently introduced its own blanks and standards as a further means of checking the accuracy of the assay results. One in every 15 samples analysed by ALS Chemex is then sent to SGS's laboratories in Cornwall, UK, for check assaying for tin. The Company keeps all its sample pulps and rejects in locked steel containers at its secure storage facility in Fuente Obejuna. The Company recently completed a new check assay program using five certified laboratories. The pulp sample composites used had varying tin grades; the accuracy of the results obtained was within acceptable parameters. Mr. Trevor Richardson, CEO and a Qualified Person pursuant to NI 43-101, has reviewed and approved the technical information in this news release on behalf of the Company.

Forward-Looking Statements

Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. In addition, this press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements, general market conditions, and the uncertainty of access to additional capital; changes in the world-wide price of mineral commodities; general economic conditions; and changes in laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention or obligation to update the forward-looking statements contained in this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Eurotin Inc.
    Trevor Richardson
    CEO and Director
    416-918-2242
    www.eurotin.ca