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Tennant Minerals (ASX:TMS) has unveiled the assay results of its latest drill campaign at its Bluebird project, posting “high-grade” copper and gold hits.
Also included in the basket of minerals revealed on Thursday was silver; RC rigs on-site the Northern Territory-based acreage intersected that third mineral – the most conductive on earth. For those playing at home, Tennant’s Bluebird asset forms part of the larger Barkly project.
Hits of copper and gold came from an area westward of the most recent drill run prior to that declared on Thursday; also down-plunge of previous drilling. This, Tennant’s geotechs perceive, is evidence of a potential continuation of mineralisation underground.
Tennant highlighted the following results:
- 05m @ 8.3g/t gold; 2% copper; 9.8g/t silver, “including grades of up to 22.7g/t gold” from 233m depth
- 18m @ 1.3% copper equivalent from 260m depth
- 03m @ 4% copper equivalent. from 342m depth
Meanwhile, the Bluebird prospect has shown to be promising further to the east with drills hitting a thicker intersection in that direction – straight to the point, Tennant has called its new target area of interest “Bluebird East.”
Those results included:
- 28m @ 2.1% copper equivalent from 146m depth
- 15m @ 1.0% copper equivalent rom 166m depth
- 41m @ 0.57% copper equivalent from 156m depth
While the depths definitely aren’t near surface, for Tennant, it’s further proof that the Barkly project may have commercial and economic legs.
“New intersections associated with the host ironstone lithology, have extended the mineralisation at depth and westwards down-plunge, with gold grades of up to 22.7 g/t in BBRC0040 and good widths of copper-with-gold such as the 8m at 2.1% copper, 0.5 g/t gold intersected in BBRC0044,” Tennant chief Vincent Algar said.
“The new drilling has also identified a new hanging-wall zone of thick, strong mineralisation which continues eastwards and to depth in the intersections in BBRC0034 and BBRC0047.
“This new zone is completely untested further eastwards and at depth within the host ironstone corridor.”
TMS last traded at 1.7cps.
