Tennant Minerals (ASX:TMS) strikes “bonanza” gold at Barkly, NT

• Tennant Minerals (TMS) reports “bonanza” gold results from its latest drilling work at the Bluebird discovery within its Barkly project in the Northern Territory
• The company struck gold grades of up to 49.3 grams per tonne (g/t) over 5.7 metres in one hole, alongside copper hits of up to 1.06 per cent
• Tennent says the Bluebird discovery now spans more than 240 metres in strike length, extends 250 metres below the surface and remains open in all direction
• The company is now planning two fully-funded follow-up drilling programs to extend this gold zone and test Bluebird at depth
• Shares in Tennant Minerals are up 3.13 per cent to 3.3 cents at 10:51 am AEDT

Tennant Minerals (TMS) has reported “bonanza” gold results from its latest drilling work at the Bluebird discovery within its Barkly project in the Northern Territory.

The latest assay results from a drill hole at Bluebird returned a 5.7-metre hit grading 49.3 grams per tonne (g/t) gold and 0.74 per cent copper from 161 metres within a wider 24-metre zone at 11.8 g/t gold and 0.66 per cent copper.

The peak copper grade from the latest assays topped 1.06 per cent.

Tennant said the Bluebird discovery zone remained open in all directions.

“With every new hole we drill, the Bluebird discovery is looking more and more like a repeat of some of the best-known high-grade copper-gold orebodies in the Tennant Creek Mineral Field, including the Peko deposit, only 20 kilometres west of Bluebird, which produced 3.7 million tonnes grading 4 per cent copper and 3.5 g/t gold from the 1930s to the 1970s,” TMS Chairman Matthew Driscoll said.

The company said it had already begun planning follow-up drilling to test the extensions of the bonanza-grade gold zone. It will also explore other targets with similar characteristics along the 2.5-kilometre Bluebird-Perseverance corridor.

“These targets will be further refined by new IP programs as we look to define additional high-grade resources to underpin the development of this rich new copper-gold discovery,” Mr Driscoll continued.

So far, a total of 16 holes over 4321 metres were drilled during the latest Barkly project drilling program. Further results are pending for four more holes at Bluebird and eight holes from the Bluebird-Perseverance corridor.

Shares in Tennant Minerals were up 3.13 per cent to 3.3 cents at 10:51 am AEDT.