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An announcement from Tennant Minerals ( (AU:TMS) ) is now available.
Tennant Minerals has reported an exceptional diamond drilling intersection at its Bluebird discovery, with 18 metres grading 10.1 grams per tonne gold equivalent, including a 4.55-metre interval at 34.5 grams per tonne gold equivalent containing very high gold, copper and bismuth grades. The hit extends the high-grade zone down-plunge of the recently declared open-pit mineral resource and confirms that mineralisation remains open to the west.
The new zone is interpreted to continue towards a large gravity high, suggesting ironstone-hosted mineralisation could extend more than 400 metres beyond the currently drilled area and potentially more than double Bluebird’s footprint. Management highlighted that soaring bismuth prices, alongside strong gold and copper, enhance the economic significance of the intersection, while new core will support metallurgical test work aimed at optimising recoveries and underpinning future resource growth and development studies.
More about Tennant Minerals
Tennant Minerals Ltd is an ASX-listed mineral exploration company focused on copper, gold, bismuth and silver at its 100%-owned Barkly Project in Australia’s Northern Territory. The flagship Bluebird prospect, on the eastern edge of the historic Tennant Creek Mineral Field, targets high-grade ironstone-hosted mineralisation in a district that has produced more than 5.5 million ounces of gold and 700,000 tonnes of copper.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.46M
For detailed information about TMS stock, go to TipRanks’ Stock Analysis page.