Tennant Minerals Ltd (ASX:TMS) has received bonanza gold results from the latest drilling at Bluebird copper-gold discovery, on the company’s 100% owned Barkly Project, 40km east of Tennant Creek in Australia’s Northern Territory.
The new results include exceptionally high-grade gold with copper intersections in BBDD0021: 24m @0.66% Cu, 11.8g/t Au from 161m (downhole), incl. 5.7m @0.74% Cu, 49.3g/t Au and from 161m, and, incl. 4.97m @1.06% Cu, 23.9g/t Au from 165.66m and 3.94m @1.37% Cu from 179.3m.
“The bonanza gold grades in this latest drill intersection at Bluebird have demonstrated continuity of the high-grade gold zone, which is completely open at shallow depth to the west and east,” Chairman, Matthew Driscoll, said.
“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 20km west of Bluebird, which produced 3.7Mt grading four percent copper and 3.5g/t gold from the 1930s to the 1970s.
“Our planning is already well advanced for follow-up drilling to test the immediate extensions of this bonanza gold zone, along with the multiple other exciting Bluebird look-alikes we have identified through our geophysical programmes along the 2.5km 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.”
The new gold results in BBDD0021 occur at a similar depth to the spectacular intersections in BBDD0018 of 30.5m @6.2% Cu, 6.8g/t Au including 17.8m @5.2% Cu, 11.5g/t Au1 from 153.6m and BBDD0012, which produced 63.0m @2.1% Cu, 4.6g/t Au2 from 153.0m including 27.55m @3.6% Cu, 10.0g/t Au.
These thick and high-grade copper-gold intersections are associated with a shallow easterly-plunging dilational zone where the mineralized structure at Bluebird has intersected an anticlinal closure. The high- grade zone remains completely open to the east and west – where it projects to shallower depth.
The discovery of this high-grade gold with copper zone opens-up potential for new drilling to continue delivering outstanding results at shallower depth to the west, and also to the east.
The intersection of high-grade gold in several holes at Bluebird underlines the potential of the Bluebird discovery to rival the Peko deposit, 20km west of Bluebird, which produced 3.7Mt @4% Cu and 3.5g/t Au.
For further information please visit: https://tennantminerals.com/