BLINAonlyMINERALS NL ASX ANNOUNCEMENT TENNANT MINERALS
24 September 2019
LIMITED
useASX ANNOUNCEMENT Board:
22 November 2021
David Porter
Non-Exec tive Chairman
GinoBoard:D’Anna
Non-Executive Director
personalM tthew Driscoll M tthew Driscoll
-Executive Chairman NNon-Executive Director
Gi o D’Anna
CapitalN n-ExecutiveStructure:Director
Michael Scivolo
4.593 Billion Shares
Non-Executive Director 904 Million Options
@ 0.17c xp 31/10/2020
N ville Bassett
Non-Executive Director
ASX Code: BDI
ForCapital Structure:
465.38 million Shares
307.5 million Options
@ $0.03 exp 23/04/24
ASX Code: TMS
Diamond Drilling Underway at Barkly
High-GradeCopper-Gold Project
The diamond drilling program at Tennant Minerals (ASX:TMS) Bluebird high-gradecopper-gold prospect on the Barkly Copper-Gold Project in the Northern Territory is now well underway.
The first new diamond drill hole, BBDD007, is close to target, testing the upper part of the high-gradecopper-gold zone at Bluebird
The program will include seven diamond drillholes for 1,500m, testing the entire thickness of the high-gradecopper-gold zone at Bluebird, as well as stepping out down-plunge to the southwest to explore for extensions
The drilling will follow up previous, very high-grade, copper and gold drilling intersections from the Bluebird Prospect, including:
BBRC019: 15m @ 3.46% Cu, 0.61g/t Au incl 3m @ 4.24% Cu, 1.76 g/t1
BBDD0004: 16m @ 3.02% Cu, 0.65g/t Au incl 4m @ 6.49% Cu, 0.74g/t Au3 BBDD-2: 20m at 8.17g/t Au, 0.61% Cu incl 4m at 37.9g/t Au, 0.66% Cu2
Diamond drilling is utilising double-shift operations in order to ensure completion of the drilling program prior to Christmas
Tennant Minerals Limited (ASX:TMS) is pleased to advise that diamond drilling at the Bluebird high-gradecopper-gold prospect, at the Company’s 100%-owned Barkly Project in the Northern Territory (Figures 1 and 2), is now well underway.
The first diamond-drillhole in the program, BBDD007, is approaching the target, which is in the upper part of the high-gradecopper-gold zone at the Bluebird Prospect.
This seven hole, 1,500m, diamond drilling program will initially focus on the area of identified high-gradecopper-gold mineralisation and will ensure that the high- grade zone is fully tested, including below the previous intersection in BBRC019 that ended in 1m @ 3.9g/t Au and 4.8% Cu at end of hole (see Figure 3). In addition, drilling will test for down plunge extensions of this very high-grade zone to the southwest and at depth.
Tennant Minerals Chairman, Mr Matthew Driscoll, commented:
“It’s very exciting to get drilling underway at the Bluebird high-gradecopper-gold prospect and we can now look forward to generating positive news flow as we test this high-grade zone across its entire thickness and explore for extensions at depth.
“The Company is well funded to pursue an aggressive exploration strategy at Barkly, with numerous other targets within a 5km corridor to be worked-up by our exploration team for drill-testing.”
** This announcement is authorised by the board on behalf of the Company **
Tennant Minerals Limited ACN 086 471 007 I Level 1, 247 Oxford Street, West Leederville WA 6007 I www.tennantminerals.com
onlyuse
personalABOUT THE BARKLY PROJECT, BLUEBIRD PROSPECT, DRILLING PROGRAM The Barkly Copper-Gold Project (“Barkly” or
“the Project“) is located approximately 45km ast of the town of Tennant Creek and comprises two Exploration Licences, EL 28620 (Barkly Project) and EL 30701 (Babbler Project)
(Figure 1).
The Barkly-Babbler Project is considered highly prospective for magnetite hosted copper-goldFormineralisation, similar to other major deposits f und elsewhere in the Tennant Creek Mineral Field, such as the Peko deposit (Figure 1), only 20km to the west of the Barkly project, that produced 147,000 tonnes of 4% Cu and 414Koz
at 10 g/t Au between 1934 and 1981.
The Company’s initial focus is the Bluebird Prospect, where previous drilling intersected high-gradecopper-gold mineralisation, at relatively shallow depth.
Figure 1: Barkly Project location plan
** This announcement is authorised by the board on behalf of the Company **
Tennant Minerals Limited ACN 086 471 007 I Level 1, 247 Oxford Street, West Leederville WA 6007 I www.tennantminerals.com
BBDD0004:
BBRC0012: BBDD-2: BBRC-5:BBRC0013:
16m at 3.02% Cu, 0.65g/t Au from 139m, incl. 4m at 6.49% Cu, 0.74g/t Au3 31m at 2.48% Cu, 0.21g/t Au from 116m incl. 12m at 4.41% Cu, 0.23g/t Au3 20m at 8.17g/t Au, 0.61% Cu from 157m incl. 4m at 37.9g/t Au, 0.66% Cu2 25m at 1.90% Cu, 0.28 g/t Au from 62m incl. 4m at 8.99% Cu, 1.06g/t Au2 14m at 1.31% Cu, 0.54g/t Au from 162m incl. 1m at 3.91% Cu, 0.78g/t Au3
20m @ 1.67% Cu, 1.79g/t Au from 156m, including 10m @ 2.32% Cu, 2.87 g/t Au1
15m @ 3.46% Cu, 0.61g/t Au from 172m, including 4m @ 6.28% Cu, 0.24g/t Au from 175m, and 1m @ 4.80% Cu, 3.95g/t Au from 186 (finishing in mineralisation, Figure 3)1
The new diamond drilling program at the Bluebird Prospect (see plan, Figure 2) will comprise seven (7) diamond drillholes for a total of up to 1,500m of drilling. The program is designed to core the entire thickness of the high-gradecopper-gold mineralisation, as well as test the down-dip / plunge extensions of the zone (see cross section, Figure 3).
The drilling will follow up previous high-grade drilling intersections from the November 2020 RC drilling program1, when the Company undertook an initial exploration drilling campaign at the Barkly Copper Gold Project comprising
onlyseven (7) drill holes for a total of approximately 1,170m. Significant intersections from the 2020 program included:
BBRC0015
BBRC0019
The 2020 RC holes were drilled to in-fill and extend previous RC and diamond drilling completed in 20143, that intersected high-gradecopper-gold mineralisation within an ironstone unit on a west-northwest trending, steeply south dipping, fault zone and produced several very high-grade intersections, including:
usepersonalSignificantly, drill hole BBRC00191, drilled below BBRC013, which was previously the deepest and most westerly hole drilled at Bluebird3, intersected strongly hematite altered siltstone and ironstone from 172m to 187m but was bandoned at that depth due to in-hole caving. The hole ended in high-grade copper-goldmineralisation, with the last metre assaying 3.9 g/t Au and 4.81% Cu. The current program will test immediately below this intersection and
gain important structural information across the footwall contact of the mineralised zone (see Figure 3). For
Figure 2: Gravity ridge with Bluebird Prospect and magnetic targets
** This announcement is authorised by the board on behalf of the Company **
Tennant Minerals Limited ACN 086 471 007 I Level 1, 247 Oxford Street, West Leederville WA 6007 I www.tennantminerals.com
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Figure 3: Bluebird cross-section 448360E with previous intersections and proposed drillhole |
BARKLY PROJECT REGIONAL SETTING AND PROSPECTIVITY
The Bluebird Prospect is located at the centre of a prominent gravity trend and coincident aeromagnetic anomaly along an interpreted west-north-west trending fault corridor (see Figure 2). The “Bluebird Corridor” has been mapped Forfor over 5km strike length and Bluebird is one of several coincident magnetic and gravity anomalies within this corridor. Previous drilling along strike from Bluebird has been limited to only shallow reconnaissance style and is unlikely to have penetrated a strongly leached zone that lies above the mineralisation identified at Bluebird. The historical Perseverance Mine is…
Read More:Tennant Minerals NL : Diamond Drilling Underway at Barkly Copper-Gold Project
2021-11-21 22:44:06
