- Tennant Minerals (TMS) reports a 55-metre intersection of strong to intense hematite and copper mineralisation at the Bluebird copper-gold discovery
- The result came from part of a 4500-metre diamond drilling program which took place within the company’s Barkly project in the Northern Territory
- The drilling intersected a zone of intense hematite alteration with malachite and blebs of native copper and chalcocite from 155 metres
- Drilling of the next diamond hole is now in progress, which will test a further 20 metres to the west and down plunge
- Tennant Minerals last traded at 4.7 cents on June 3
Tennant Minerals (TMS) has reported a 55-metre intersection of strong to intense hematite and copper mineralisation at the Bluebird copper-gold discovery.
The result came from part of a 4500-metre diamond drilling program which took place within the company’s Barkly project, 45 kilometres east of Tennant Creek in the Northern Territory.
The drilling aimed to test the targeted shallow westerly-plunging mineralised zone at Bluebird, around 20 metres to the west and deeper down plunge than the previous drill hit.
The work was said to intersect a zone of intense hematite alteration with malachite and blebs of native copper and chalcocite from 155 metres. The company said this indicates the mineralisation is thickening and becoming more intense with depth, down-plunge to the west.
The drill core is now being logged and processed for submission to laboratories in Alice Springs for sample preparation, ahead of assaying in Townsville.
Tennant Minerals Chairman Matthew Driscoll said the latest follow-up drilling program is off to a tremendous start.
“We look forward to completing the remaining holes in our latest, up to 4500 metres diamond drilling program and turning around the assay results as quickly as we can,” Mr Driscoll said.
“The company is also eagerly anticipating the modelled results from the recently-completed drone magnetic survey flown over the entire five-kilometre Bluebird corridor, which we will overlay with our gravity modelling to highlight the outstanding potential for additional copper-gold discoveries within our project boundaries.”
Drilling of the next diamond hole is now in progress, which will test a further 20 metres to the west and down plunge.
The company said these latest results provide further confidence that Bluebird is a significant, high-grade copper-gold discovery within the highly-endowed Tennant Creek Mineral Field.
Tennant Minerals last traded at 4.7 cents on June 3.