Kasbah Resources
www.kasbahresources.com
Kasbah Resources (ASX: KAS) is an advanced explorer and developer purely focussed on tin. Kasbah’s main focus has been to progress the Achmmach Tin Project in Morocco, having established a robust underground JORC resource.
Recent drilling results indicate that Achmmach is rapidly transforming into a prized asset with considerable potential for a substantial underground mine to be developed. Kasbah has built a reputable presence in Morocco with strong relationships with Morocco’s Mines Department and the local Moroccan community.
Full Kasbah Resources profile here
Kasbah Resources acquires highly prospective tin prospect close to Achmmach in Morocco
11:05 pm
Kasbah Resources (ASX: KAS) has completed the acquisition of the Bou El Jaj Tin Prospect in Morocco, where rock chip samples have returned up to 17.9% tin.
Bou El Jaj is located just 8 kilometres south-southwest of Kasbah’s Achmmach Tin Project, spanning 22.6 square kilometres.The transaction comprises an initial payment of A$100,000 on the final transfer of the exploration permits and a one-off production royalty payment of A$230,000 to the vendors on commencement of mining.Kasbah considers Bou El Jaj to be highly prospective, with an outcrop defined within ground that is similar in nature to the geology at Achmmach.Importantly, the prospect is located at the southernmost extension of a mineralised corridor that is about 2.5 to 3 kilometres wide and almost 12 kilometres long, extending south-southwest from Achmmach through to Oued Beht.Kasbah is developing a detailed work program for Bou El Jaj, to follow up on rock chip samples taken as part of the company’s due diligence work.The rock chip sampling returned tin grades of up to 17.9%.Results from the rock chip samples are broadly coincident with earlier results from exploration by Bureau des Recherches et de Partcipations Minieres (BRPM) in the late 1980s and early 1990s.This work identified prospective shallow tin mineralisation over a strike length of 1.5 kilometres with most of the work focused on the 350 metres strike extent of the Eastern Structure. Achmmach Tin ProjectKasbah’s 100%-owned Achmmach project contains one of the largest undeveloped tin deposits in the world, with a JORC Resource of 7 million tonnes at 0.8% tin, with a cut-off grade of 0.5%, for 54,000 tonnes contained tin.In February, Kasbah announced broad intersections from diamond drilling at The Gap Zone, including one hole which intersected 38 metres at 1.63% tin from 287 metres and 7 metres at 1.77% from 215 metres.This drilling program succeeded in extending the Meknes Trend tin mineralisation by 320 metres to the east.The Gap Zone is a significant exploration target which could link tin mineralisation in the Meknes/Fez and Eastern Zones.Kasbah is targeting an upgrade to the Achmmach resource by the March quarter of 2012.Kasbah’s success at Achmmach has earned it a ‘buy’ recommendation from broker Hartleys, with a price target of $0.43, well above the company’s current price of $0.24.
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