TinOne Resources Inc. (TSX-V: TORC) (OTCQB: TORCF) is pleased to provide further results from its Great Pyramid Tin Project located in the tier one mining jurisdiction of Tasmania, Australia. The ongoing program has been successful in continuing to define significant tin mineralisation.

Highlights:

• High grade intersections returned at depth, below historic drilling
• Drill hole 22GPRC003 returned
  • 0.31% Sn over 18 metres;
  • 0.46% Sn over 5.4 metres; and,
  • 0.22% Sn over 13 metres

“The diamond core extension of drill hole 22GPRC003 has delivered outstanding results from considerable depth below the area of the historical resource at Great Pyramid,” commented Chris Donaldson, Executive Chairman. “This drill hole demonstrates the continuation of the system to depth with excellent grade. The holes reported here, in conjunction with historical drill holes and TinOne’s other deeper holes, are allowing us to understand the full extent and geological controls at Great Pyramid.”

Table 1: Great Pyramid RC drill results. More significant results are shown in bold.

In addition to 22GPRC003, one significant intersection is reported here from drill hole 22GPRC004.  This intersection is in addition to the previously reported shallower intersection in 22GPRC004 (0.13%Sn over 17 metres from 41 metres; see TinOne News Release September 6, 2022).  Geological interpretation is ongoing, however the previously inferred stratigraphic control on Sn grade is supported by preliminary data from the drill holes reported here. The Company’s geologists are working with a specialist sedimentologist, structural geologist and geostatistician to develop a 3-dimensional predictive model which will be used to efficiently plan additional deeper drilling to better understand the extent of the Great Pyramid system.

Drillhole 22GPDD015 was drilled on the periphery of the historical resource area and returned a thick intersection of moderate grade Sn, with thinner high-grade zones.  The drillhole provides support for historical drill hole data and contributes to geological understanding of the Great Pyramid system.

Results have been received for 3,120 metres of the Company’s ongoing 5,500 metre drilling program at Great Pyramid. These results represent complete results for 18 Reverse Circulation drill holes, results from two diamond cored holes and partial results from one diamond cored hole, in addition to results from two diamond tails and partial results from one other diamond tail.  Assays are being fast tracked and average laboratory turnaround to-date has been 24 days.

Drilling commenced at the Project on April 27, 2022, and one diamond rig is currently operating on site.  The initial program consists of approximately 5,500 metres and has several objectives:

• Test the depth and lateral extensions of the mineralised zone
• Test a large-scale IP chargeability anomaly adjacent to the known mineralised zone and
• Obtain grade and continuity data utilising modern drill and analytical techniques.

In addition to the RC and diamond drill results reported here, an additional 1,370 metres of diamond drilling has been completed within, lateral to, and beneath the historical resource area, with assays pending.

Results reported here in Table 1 are from below the historical resource area (see information on page 6) and include mineralisation close to the end of hole 22GPRC003, approximately 380m below surface. Historical drilling and TinOne’s previously reported drill holes below and peripheral to the historic resource model have returned intersections consistent with or higher grade than the historical resource model.

About the Great Pyramid Tin Project

Geological Setting

The Great Pyramid deposit is located around a topographical feature known as Pyramid Hill and is hosted by Silurian to Devonian Mathinna Supergroup sandstones.  The mineralization is formed by closely spaced sheeted northeast trending, cassiterite (SnO₂) bearing veins associated with silicification and sericite-pyrite alteration. The deposit style and regional comparisons suggest that a tin-fertile granite exists at depth below the deposit, however this has not been encountered in drilling and the deposit is open at depth. Geological interpretation indicates that certain sedimentary units within the folded Mathinna Supergroup sediments are more favourable hosts and diamond drilling being undertaken by the Company during the current campaign, combined with numerical modelling, will assist in developing a deeper understanding of controls on grade for follow up drilling.

The deposit is currently known over a strike length of more than 500 metres with an average width of approximately 150 metres. The depth extent of the deposit is unknown with only nine historical drill holes greater than 150 metres deep. These rare deeper holes encountered encouraging tin mineralization to depths of approximately 300 metres below surface².

Historic Resources and Drill Data¹

A historical mineral resource estimate was completed on the Great Pyramid Project for TNT Mines Ltd.^1,2,3,4,5 (Table 2).

Table 2: Historical Estimate on the Great Pyramid Project^1,2,3,4,5

Quality Assurance / Quality Control 

Drill core and RC samples were shipped to ALS Limited in Brisbane, Australia for sample preparation and for analysis. The ALS, Brisbane facilities are ISO 9001 and ISO/IEC 17025 certified. Tin and tungsten are analysed by ICP-MS following lithium borate fusion (ALS method ME-MS85), overlimit results are reanalysed by XRF (ALS method XRF15b).  Forty-eight element multi-element analyses are conducted by ICP-MS with a four-acid digestion (ALS method ME-MS61).

Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.

About TinOne

TinOne is a TSX Venture Exchange listed Canadian public company with a high-quality portfolio of tin projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia. The Company is focussed on advancing its highly prospective portfolio while also evaluating additional tin opportunities. TinOne is supported by Inventa Capital Corp.

Qualified Person

The Company’s disclosure of technical or scientific information in this press release has been reviewed and approved by Dr. Stuart Smith., Technical Advisor for TinOne. Dr. Smith is a Qualified Person as defined under the terms of National Instrument 43-101.

Figure 1: Location of the Company’s projects in the mining friendly jurisdiction of Tasmania. (CNW Group/TinOne Resources Corp.)

Figure 2: Great Pyramid cross-section showing the location of 22GPRC003 and 22GPRC004 in relation to historical drilling and TinOne’s previously reported holes. (CNW Group/TinOne Resources Corp.)

Figure 3: Great Pyramid diamond core (22GPRC003 309.15-316.60m), beneath historic resource area. This interval 308.0 to 326.0m assayed at 0.31% Sn. The interval 313.0 to 315.0m assayed at 0.96% Sn. Intense sheeted and stockwork quartz-carbonate-cassiterite veining in silicified, medium to coarse grained sandstones and intercalated siltstones. (CNW Group/TinOne Resources Corp.)

Figure 4: Great Pyramid diamond core (22GPRC014 218.25-220.65m), beneath historic resource area. Strongly sheeted quartz-carbonate veining in silicified, medium to coarse grained sandstones. Historical and current exploration indicates that veins of this style are cassiterite-bearing and are typical of the mineralised zones. Results pending. (CNW Group/TinOne Resources Corp.)