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Tennant Minerals ( (AU:TMS) ) has provided an announcement.
Tennant Minerals has intersected 19.7 metres of intense iron-oxide copper-gold-bismuth mineralisation, including visible gold and native copper, in a new diamond drill hole at its Bluebird discovery within the Barkly Project. The intersection, located west and down-plunge of the current open-pit Mineral Resource, suggests potential to extend the high-grade gold-copper zone and expand the Bluebird footprint more than 400 metres to the west.
The company said the new core will also supply material for metallurgical test-work aimed at optimising gold and bismuth recovery, which could enhance project economics amid rising prices for both metals. Management views the latest results as reinforcing confidence in growing copper-gold-bismuth resources at Barkly and advancing Bluebird’s development within the Tennant Creek Mineral Field.
More about Tennant Minerals
Tennant Minerals is an Australian mineral exploration company focused on copper, gold, bismuth and silver, with its flagship 100%-owned Barkly Project in the Northern Territory. The company is advancing the Bluebird high-grade copper-gold-bismuth-silver discovery within the rejuvenated Tennant Creek Mineral Field, a historic producer of gold and copper.
Average Trading Volume: 2,101,592
Technical Sentiment Signal: Sell
Current Market Cap: A$6.4M
For a thorough assessment of TMS stock, go to TipRanks’ Stock Analysis page.