Deutsche Rohstoff AG: Tin International receives further tin-lithium exploration license in Saxony, Germany
January 24, 2018 at 05:35 am EST
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DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Tin International receives further tin-lithium exploration license in Saxony, Germany
24.01.2018 / 11:30
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff: Tin International receives further tin-lithium exploration license in Saxony, Germany
Mannheim/Leipzig. The Upper Mining Authority of Saxony has granted Tin International a new exploration license in the Eastern Ore Mountains of Saxony, Germany. The license covers an area of 15km2 around the Hegelshöhe hillside ("Hegelshöhe") and is located just 5km south-east of the Sadisdorf license which Tin International already develops together with Joint Venture partner Lithium Australia NL (ASX:LIT).
The "Hegelshöhe" license has been granted for the duration of five years and shares its northern border with the "Falkenhain" license which is being explored by Deutsche Lithium and its partner Bacanora Minerals Ltd. (TSX-V:BCN). "Hegelshöhe" is located in the same regional geological formation which hosts the lithium mica deposits of Sadisdorf, Zinnwald and Cinovech (Czech Republic). Based on the historic mining and exploration activities in this area, Tin International considers the likelihood of discovering substantial tin-lithium mineralization as very high and will immediately commence its proposed exploration programme.
Mannheim, 24 January 2018
Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 621 490 817 0
info@rohstoff.de
24.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Deutsche Rohstoff AG is a Germany-based holding company. Its activities are diversified into three business segments. The Gold and Silver is engaged in extraction of those two materials mainly in Australia. Nevertheless, In September 2014, the Company sold all its shares in Wolfram Camp Mining and Tropical Metals. Moreover it also obtains silver in Germany, from which the Company makes coins. The Oil and Gas business segments is handled through its subsidiary Rhein Petroleum GmbH, Tekton Energy LLC and Salt Creek Oil & Gas LLC, and is focused on the exploration and production of oil and natural gas in Germany and the United States. The High-Tech Metals business segment is engaged in extraction and supply of materials used for production of LEDs (Light Emitting Diodes), flat panel displays, solar cells, hybrid cars and medical indispensable, such as indium, gallium, cobalt and tin. The Company operates subsidiaries in the United States, Australia, Germany and Canada.