General Base Metals
TinOne Resources (TSX-V: TORC)(OTC: TORCF) Executive Chairman Chris Donaldson on More Outstanding Results at its Great Pyramid Project, Tasmania, Australia
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the Executive Chairman of TinOne Resources, Mr. Chris Donaldson. And, Chris, I understand we have you live from the field in New Orleans. How are you today?
Chris Donaldson: I'm doing well. Yep. Down in NOLA right now, and getting set up for the conference. There's been a buzz in the air. It's kind of fun.
Gerardo Del Real: I'm on my way down. It's my favorite conference of the year. I'm looking forward to catching up in person. You clearly have been busy judging by the news here yesterday. You reported more outstanding results from your Great Pyramid project. I would love for you to give an overview of the recent bit of news, because I know the markets are soft and there's volatility in the overall indices. But look, at the end of the day, you either have the goods or you don't, and it looks like you have the goods on this one.
Chris Donaldson: Yeah, to say the markets are soft, it might be an understatement right now, but we're just focused on what we can control, and that's working on our project and advancing it. And so, I mean, just to recap, Gerardo, I mean, we have a basket of tin properties in Tasmania, in Australia. I think we control five of the seven tin occurrences in the northern part of Tasmania. And the one we're focused on right now is Great Pyramid. It's a project that had a historical resource on it, about 10,000 tonnes of tin at about 0.2%, which is a good grade, but not terribly big. So our efforts have been focused on proving out and reconfirming the historical resource, but also trying to grow that.
And so we've been drilling deeper and laterally of the existing deposit. Yeah, so this is our third batch of results that have come out, and they've been more than what we could have expected. So every drill hole we hit, we hit mineralization, and some of the hits are coming in at two and a half times of what the historical grade was. So we're very pleased with that, and we're starting to see some mineralization at depth. So I mean, the deposit itself goes from zero to 40 meters historically, and we're starting to see mineralization all the way down to 300 meters, so couldn't be more pleased. And for the things we can control here, we're pretty happy.
Gerardo Del Real: You have assays pending, but I couldn't help notice that the batch that you reported in this release includes both. Right? You have some hits inside the historic resource model, but you have several that are outside of that. Can you speak to that a bit?
Chris Donaldson: Yeah, I mean, that's part of the strategy here is to test some zones that hadn't had a lot of drilling on it. And we're getting a better and better understanding as the drill results come out, so what the structure looks like here. It appears that it's a series of folds, and we're pleased to not only reconfirm the historical resource and expand on that, but also tap into some zones that haven't had drilling on it before.
Gerardo Del Real: Excellent. Chris, as always, the market always wants to know, what comes next?
Chris Donaldson: Yeah. We're doing a 5,500 meter program. We've got results for roughly half of those so far. So what's next is hopefully more of the same kind of results coming in. So we'll have some more news here over the next couple months, and if we continue on this path, I think we're really onto something.
Gerardo Del Real: I'll let you go. I know you're busy. I'm sure you're busy with meetings. Looking forward to catching up in person, as I mentioned there earlier in the conversation. Anything to add to that, Chris?
Chris Donaldson: No, looking forward to seeing you tomorrow and telling the story. So yeah, safe travels down here and looking forward to seeing you. Take care.
Gerardo Del Real: All right. See you soon, Chris. Thank you.
Chris Donaldson: All right. Cheers.