Diamond drill rig at Bluebird. Source: Tennant Minerals
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  • Tennant Minerals (TMS) strikes high-grade copper-gold intersections at the Bluebird discovery zone within its Barkly project in the Northern Territory
  • The top grades from the recent diamond drilling include 28.3 grams per tonne (g/t) gold within a 1.03-metre intersection and 2.26 per cent copper over 1.1 metres
  • Tennant says these new results extend the “thick, dilational, high-grade” Bluebird copper and gold zone to the west
  • The next Bluebird drilling program is due to commence after the wet season in April, with TMS to run induced polarisation (IP) survey work at the same time
  • Tennant shares are up 7.41 per cent and trading at 2.9 cents at midday AEDT

Tennant Minerals (TMS) has struck high-grade copper-gold intersections from diamond drilling at the Bluebird discovery zone within its Barkly project in the Northern Territory.

The top new results include 16.45 metres at 3.05 per cent copper and 2.31 grams per tonne (g/t) gold from 203.65 metres. Within this intersection, Tennant struck up to 28.3 g/t gold over 1.03 metres.

These results are down-dip of the previous “bonanza”-grade gold and copper hits found by TMS and extend the Bluebird discovery zone to the west.

The company said the copper and gold intersections were associated with a shallow and easterly-plunging dilational zone, where structures intersected an anticlinal closure.

Tennant Minerals Chairman Matthew Driscoll said the continued intersections of high gold and copper grades confirm a “genuine high-grade copper-gold discovery”.

“Bluebird remains completely open in all directions, and we will now drill for immediate extensions along strike and at depth, with the aim of defining a multi-million-tonne high-grade mineral resource of similar tenor to the historically mined Peko deposit, 20 kilometres west of Bluebird, which produced 3.7 million tonnes of 4 per cent copper and 3.5 g/t gold from the 1930s to the 1970s,” Mr Driscoll said.

“We are also confident our upcoming IP geophysical program will identify more Bluebird look-alike targets for drill testing along the 2.5-kilometre Bluebird-Perseverance Corridor.

“The potential for multiple high-grade copper-gold discoveries along this 2.5-kilometre corridor significantly enhances the scope for our 100 per cent owned Barkly project to be developed into a standalone mining operation.”

The company’s next drilling program in the area will commence after the wet season in April and will test extensions of the high-grade mineralisation found to the west at a shallow depth.

At the same time, Tennant plans to run induced polarisation (IP) surveys across the area.

Tennant shares were up 7.41 per cent and trading at 2.9 cents at midday AEDT.

TMS by the numbers
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