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Kasbah Resources Closes In On Upgrade To 54,000t Contained Tin Resource At Achmmach In Morocco

Kasbah Resources (ASX: KAS) is on schedule to upgrade the 7 million tonnes at 0.8% for 54,000 tonnes contained tin Resource at its Achmmach Project in Morocco, with infill drilling on Section 2050 continuing to confirm and extend the Meknes Inferred Resources up and down dip.

Highlight intersections from recent drilling comprise 9 metres at 0.63% tin from 373 metres, including 3 metres at 1.15% from 377 metres; 8 metres at 0.96% from 268 metres; 14 metres at 0.42% from 310 metres; and 5 metres at 1.03% from 332 metres.

A total of 1511 metres was drilled across three holes, with one hole passing through a thicker than anticipated intersection of the Meknes Zone and also intersecting mineralisation above the zone.

These holes were drilled to assess the grade and tin disposition either side of a previously drilled hole included in the 2010 Meknes Resource.

Five drill rigs are in operation at Achmmach across a 1 kilometre strike length.

Kasbah is targeting an upgrade to the Resource by the March quarter of 2012.

Gap Zone

The company has successfully extended the Meknes Trend tin mineralisation by 320 metres to the east of the 2010 Meknes Resource boundary.

The Gap Zone is a significant exploration target which could link the Meknes/Fez and Eastern Zones' tin mineralisation previously defined by the 2010 Resource model.

Drilling at the Gap Zone has returned promising intersections of 11.2 metres at 0.52% tin from 357 metres, 5.4 metres at 1.52% from 388 metres and 6.6 metres at 0.98% from 407 metres, from a drill hole that showed some elevated tin grades adjacent to and within the intrusive.

It also has significant intercepts below the intrusive which can be linked to those in the first hole, suggesting that these intercepts and the lower intercepts on sections to the west may indicate the development of another mineralised zone heading to the east, below the Meknes zone.

The current drilling program was designed to complete first pass drilling of the Gap Zone to confirm the extension of the Meknes mineralisation.

If successful this will extend the mineralised strike by an additional 500 metres and provide the link between the previously reported resources in the Meknes Zone with the resources in the Eastern Zone.

Comment

Ongoing success at the Achmmach Tin Project in Morocco has seen Kasbah Resources' share price almost double in less than two months.

Kasbah has been on an upwards share trajectory since mid to late December last year when shares were trading at around A$0.14.

Recent drilling results have the potential to transform the project and Kasbah into a significantly larger and higher valued "tin play" than currently is the case.

Achmmach is a significant tin project, with a growing tin resource. There is potential to link the resources in the west of Achmmach to resources in the east.

The 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.

This comprises an Indicated Resource of 2.2 million tonnes at 0.8% tin, and an Inferred Resource of 4.8 million tonnes at 0.8% tin.