Tennant Minerals extends Bluebird discovery in NT as new targets come to light

Explorer and developer Tennant Minerals (ASX: TMS) has once again extended the Bluebird copper-gold discovery through a stage three drilling program at its Barkly Project in the Northern Territory. 

The company, which has a $22.02 million market capitalisation, says results from an additional 4 holes in the area demonstrate that Bluebird continues to extend at shallower levels and to the east, where mineralisation remains completely open. 

Tennant Minerals reports the first hole (BBDD0033) drilled into the newly discovered eastern Bluebird extension, in particular, has produced a ‘substantial’ copper intersection with gold and bismuth. 

Key results from drillhole BBDD0033 include 17.4m @ 2.6% copper equivalent (CuEq) (1.58% copper, 0.06g/t gold, and 0.25% bismuth) from 129.8m downhole, including 5.44m @ 4.4% CuEq (3.66% copper, 0.10g/t gold, and 0.20% bismuth) from 132m and 3.2m @ 3.5% CuEq (1.62% copper, 0.08g/t gold, and 0.55% bismuth) from 144m. 

Other key results from the western side of Bluebird include hole BBDD0031 with 20.4m @ 1.9% CuEq (0.68% copper, 0.90g/t gold, and 0.12% bismuth) from 119.6m downhole, including 2.4m @ 7.2% CuEq (0.45% copper, 6.13g/t gold, and 0.48% bismuth) from 119.6m and 3.5m @ 2.9% CuEq (1.63% copper, 0.52g/t gold, and 0.24% bismuth) from 126m. 

Results from 2 further ‘strongly mineralised’ intersections are also expected to be received within 2 to 3 weeks. 

Tennant has now planned further drilling to extend and define the newly discovered shallow extensions of the Bluebird mineralisation, which has now been identified over a 500m strike length.  

This additional drilling is expected to test new induced polarisation (IP) low-resistivity targets to the east and west of Bluebird, which are currently undergoing 3D inversion modelling, targeting repeats of the ‘high-grade’ copper-gold discovery. 

Tennant Minerals is an ASX-listed explorer and developer which currently holds a portfolio of copper-gold projects in the Tennant Creek area of the Northern Territory. 

The company’s Barkly project is located on the eastern edge of the ‘richly endowed’ Tennant Creek Mineral Field within the Northern Territory, which produced over 5.5 million ounces (Moz) of gold and over 700,000 tonnes of copper from 1934 to 2005. 

Tennant Minerals had $4.37 million cash at hand as of 30 June 2023, according to its latest quarterly report.

Write to Adam Drought at Mining.com.au

Images: Tennant Minerals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.