Saxore Bergbau

Saxore Bergbau GmbH (SBG) is a German registered company set up to hold ASM's projects in that country. SBG is focussed on tin, indium and zinc mineralisation within the Free State of Saxony, although significant amounts of other valuable metals such as tungsten, silver, germanium, gallium and iron-ore are also known to exist alongside these metals.

SBG currently holds tenure over three granted exploration licences totalling 324km² - Breitenbrunn (71.4km²), Eibenstock (124.4km²) and Kottenheide (128.1km²).

The main focus at the moment is on the Tellerhäuser Project within the Breitenbrunn licence - a tin-indium-zinc-magnetite deposit discovered by a joint East German - Soviet exploration effort while mining uranium in the area between 1968 and 1991. This work resulted in the definition of significant mineralisation reported under the Soviet classification scheme. Work by SBG has consisted of digitising the large amounts of paper data (65km underground access, 141,342m drilling in 2,112 diamond boreholes, 3,083m channel sampling in 1,326 channels and 151,916 assays) culminating in the estimation of a JORC compliant resource totalling 101,500t tin, 200,200t zinc and 2,149,000kg indium. Details can be found under the Tellerhäuser Project tab.

In conjunction with this work, regional exploration has resulted in the identification of several hundred historical tin workings, mainly from the Medieval period. Of these, about 50 are greater than 100m long and 5m deep and each of these represents a distinct drill target. Examples of several of these are shown in the photographs above.

Tellerhäuser

A joint East German / Soviet exploration effort (SDAG Wismut) between 1968 and 1991 resulted in the discovery of a major tin-indium-zinc-iron deposit that is now referred to as Tellerhäuser.  SDAG Wismut also explored for and mined uranium in the area and some cross-cutting veins were mined in the deeper levels of Tellerhäuser.

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I am extremely pleased that we have been able to report resource estimates for the Tellerhauser project in accordance with the 2012 JORC Code & Guidelines. This resource now sits as one of the largest undeveloped tin deposits in the world and also boasts one of the highest tin equivalent grades. Tellerhauser is also the largest and highest grade indium deposit reported in accordance with 2012 JORC guidelines in the world. Our aim now is to increase the category of estimation by collecting underground samples to confirm the previous assaying.

Mark Thompson - Treliver's Chairman

Unit 2 Hurling Way, St. Columb Major Business Park, St Columb, Cornwall, TR9 6SX   |   Tel: +44 (0)1637 889 341 |   Email: info@treliverminerals.com
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