InvestmentPitch Media Video Discusses TinOne Resources’ Expansion of Lithium Mineralization Zone at Aberfoyle Project in Tasmania, Reporting Samples as high as 1.14% Li2O

Rhea-AI Summary

TinOne Resources has reported an expansion of its lithium discovery at the Aberfoyle Project in Tasmania, Australia. Recent sampling revealed lithium oxide values up to 1.14%, with significant lithium-bearing rock samples identified over an area of approximately 12 hectares. The company has been actively exploring for tin but found elevated lithium levels during these explorations. With the portfolio covering vital tin districts, including Rattler Range and Great Pyramid, TinOne is focused on geological mapping and further sampling to ascertain the extent of lithium mineralization. The company's shares trade at $0.165.

Positive

• Expanded lithium mineralization at Aberfoyle Project with samples up to 1.14% Li2O.
• Active exploration and systematic sampling in highly prospective areas.
• Potential for growth with significant tin and lithium districts under control.

Negative

• None.

VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- TinOne Resources. Inc. (TSXV:TORC) (OTCQB:TORCF) (FSE:57Z0), focussed on advancing its highly prospective portfolio of projects in Australia, has expanded its recent lithium discovery. The company’s portfolio of tin, tin/tungsten and lithium projects are located in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments from Chris Donaldson, Executive Chairman of TinOne Resources. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “TinOne” in the search box.

The company controls some of the most important tin districts in Tasmania, including Rattler Range, Great Pyramid and the 100%-owned 9,600-hectare Aberfoyle Project, which consists of two separate blocks.

The Aberfoyle project area straddles the boundary between the Silurian to Devonian Mathinna Supergroup sedimentary rocks and the Devonian Ben Lomond Granite. The historic Aberfoyle (tin) and Storeys Creek (tin-tungsten) mines as well as other vein systems are hosted in the sedimentary rocks and occur as strike extensive systems of sheeted and stockwork veining. Elevated lithium has not previously been reported from the project area.

In February, the company announced that during exploration programs for tin across the Aberfoyle project, geologists sampling mica altered granite discovered lithium, including 5 samples with elevated lithium values of 0.1% Li2O or above with a maximum of 0.57% Li2O. A further 43 rock samples were recently collected in the same area over an area of approximately 1 square kilometre at the Dead Pig and Guinea Pig prospects, which have confirmed the earlier discovery of lithium-bearing rocks.

This new round of sampling returned eleven samples with Li2O greater than 0.50% and a maximum value of 1.14% Li₂O.

Sampling to date has defined an area of approximately 12 hectares within which the >0.20% Li₂O samples occur. Preliminary interpretations indicate that the higher-grade mineralization occurs in NNW-trending parallel zones which to date have been defined up to 250 m in strike length. Further work is required to better define the surface morphology of the mineralization and the width of mineralized zones.

TinOne’s field team continues to undertake geological mapping and additional systematic and targeted rock sampling in the areas identified to-date and in other areas of similar altered granite known from historic records. In order to define the extent of anomalous lithium within soils derived from the granite host, soil sampling in these areas has been completed for a large part of EL27/2004, with first results expected imminently.

The company also plans a program of mapping and sampling on the southern outlier part of EL27/2004 at Royal George. This part of the tenement covers an area around the historic Royal George tin mine and is hosted by a similar tin granite to the Dead Pig area, and as such, the area is considered highly prospective for both lithium and tin. There has been no effective on-ground exploration in this area for approximately four decades.

TinOne Resources is one of the Inventa Capital (www.inventacapital.ca) portfolio companies.

The shares are trading at $0.165. For more information, please visit the company’s website, www.TinOne.ca, contact Chris Donaldson, Executive Chairman, at 604-813-3931 or by email at info@TinOne.ca.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. TinOne Resources has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd, through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

FAQ

What are the latest findings from TinOne Resources regarding lithium?

TinOne Resources announced lithium oxide values as high as 1.14% from recent sampling at the Aberfoyle Project in Tasmania.

What is the significance of the Aberfoyle Project for TinOne Resources?

The Aberfoyle Project is significant as it shows potential for lithium mineralization, complementing the company's tin and tungsten projects.

What is the current share price of TinOne Resources (TORCF)?

The shares of TinOne Resources are currently trading at $0.165.

Where is TinOne Resources focusing its exploration efforts?

The company is focusing on exploration efforts in Tasmania and New South Wales, Australia.

How much area has been defined for lithium mineralization by TinOne Resources?

TinOne Resources has defined an area of approximately 12 hectares for lithium mineralization.