Bygoo Tin Project
International Battery Metals, Inc., has secured rights to acquire 75% in 3 mineral tenements covering approximately 540 km2 comprising the Bygoo Tin project located in the central area of the state of New South Wales, Australia from Thomson Resources. Thomson has had early success in discovering a new tin deposit in the Ardlethan tin field at Bygoo North.
Thomson acquired EL8260 which surrounds the Ardlethan mine leases in a share deal early in 2015. Ardlethan is the biggest tin occurrence in NSW and is recorded to have produced 25,000 tonnes of tin in concentrate from open cut and underground operations between 1964 and 1986.
Two drilling rounds by Thomson in 2015 at Bygoo North, 7km north of the Ardlethan mine, have seen outstanding drill results and a better understanding of the geometry of these steeply dipping greisens. Best intercepts to date include 35m at 2.1% Sn from 44m (BNRC11), 10m at 2.0% from 108m (BNRC 13), and 13m at 1.0% Sn from 66m (BNRC 10). Drilling for a JORC resource is planned. Several other similar targets on the EL are also in line for testing.
The Ardlethan Granite is thought to be responsible for the tin mineralization and its contact with the overlying rocks is fractured and mineralised at several different prospects north and south of Ardlethan Mine.