Tennant Minerals (ASX:TMS) - Chairman, Matthew Driscoll
Chairman, Matthew Driscoll
Source: LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Tennant Minerals (TMS) sees all five completed diamond drillholes intersect visible copper mineralisation at the Bluebird Prospect within the Barkly Copper-Gold Project in the Northern Territory
  • The five holes, drilled for 1,048 metres, reportedly intersected intense haematite alteration with visible copper mineralisation, including malachite and chalcocite and native copper
  • The drillcore is now being logged and sampled before being sent to laboratories for analysis
  • The company says further drilling will be required to define the extend of the Bluebird copper-gold deposit
  • Tennant Minerals last traded at 4.1 cents on December 20

Tennant Minerals (TMS) has seen all five completed diamond drillholes at the Bluebird Prospect intersect visible copper mineralisation.

The five holes, drilled for 1,048 metres, reportedly intersected intense haematite alteration with visible copper mineralisation, including malachite and chalcocite and native copper.

The last two step-out holes of the program extended the mineralisation both down dip and down plunge over 30 metres to the southwest of any previous intersections.

The drillcore is now being logged and sampled before being sent to laboratories for analysis.

Tennant Minerals Chairman Matthew Driscoll said the Bluebird diamond drilling program has already achieved its key objectives, including successfully testing the main target zone and intersecting significant thicknesses of mineralisation.

“The latest step-out drillholes have extended the footprint of the Bluebird copper-gold deposit by over thirty metres down plunge, and the zone remains open in all directions,” said Mr Driscoll.

The company said further drilling will be required to define the extend of the Bluebird copper-gold deposit and determine if the scale and grade can replicate other major high-grade deposits in the Tennant Creek Mineral Field.

Drilling is planned to restart in the March quarter 2022, with current contractors scheduled to return after the Northern Territory wet season.

“We look forward to seeing the results of the Bluebird drilling completed to date so that we can plan the next stage of this exciting program.”

Tennant Minerals last traded at 4.1 cents on December 20.

TMS by the numbers
More From The Market Herald
Saturn Metals (ASX:STN) - Managing Director, Ian Bamborough

" Saturn Metals (ASX:STN) discovers new gold targets at Apollo Hill Gold Project

Saturn Metals Limited (STN) shares significant results from reconnaissance drilling across its Apollo Hill Gold Project.

" AnteoTech (ASX:ADO) collaborates with TGA for COVID-19 rapid diagnostic test

AnteoTech (ASX:ADO) receives a request for further information from the Therapeutic Goods Administration.
Delta Drone International (ASX:DLT) - CEO, Christopher Clark

" Delta Drone (ASX:DLT) selling drone safety business

Delta Drone International (ASX:DLT) has signed a deal to sell its drone safety business.
Castillo Copper (ASX:CCZ) - Chairman, Rob Scott

" Castillo Copper (ASX:CCZ) shuffles board

Castillo Copper (ASX:CCZ) has seen a reshuffle to its board, welcoming a new Chief Executive Officer…