Tennant (ASX:TMS) sings Bluebird copper tune in the NT
February 12, 2024Tennant Minerals has recorded an exceptional 61.8-metre at 2.3% copper intercept, receiving a share price bump in early trading today from the result at Bluebird, its foremost prospect at the fully owned Barkly project in the Northern Territory.
The diamond-drilled strike included a 6.85m massive sulphide zone grading at 17% copper and an overlapping 17.8m 11.5g/t Au 5.2% copper intersection, notably extending a high-grade zone on Bluebird’s western flank.
Tennant Minerals CEO Vincent Algar said the intercept extended and confirmed continuity of the high-grade massive copper sulphide zone which remains open at depth.
“It follows the intersection of significant visible copper mineralisation in two wide-spaced holes at the Bluebird East discovery, which indicates potential for the Bluebird mineralisation to continue from surface to more than 400m depth and link with Bluebird East over a strike-length of more than 800m,” Mr Algar said.
“Every hole we drill gives us more encouragement that Bluebird is an exceptional emerging copper gold discovery which will continue to grow with further exploration.
“We can now look forward to launching our next drilling program, aiming to define and extend the enlarged mineralised footprint and define a maiden mineral resource to support a stand-alone mining and processing operation to help meet growing global demand for copper and gold.”
Tennant has more assays due from five holes directed at finding Bluebird doppelgangers along strike and appears particularly keen on results from two holes which intersected visual copper mineralisation at Bluebird East.
A structural interpretation has pointed toward a potential link between there and the main Bluebird high-grade discovery over 800m of strike and 400 vertical metres which remains open in all directions.
The greater ambition is a stand-alone mining and processing development at Barkly, with the Perth-based explorer now planning its next campaign toward producing a maiden mineral resource estimate.
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