Tennant (ASX:TMS) sings Bluebird copper tune in the NT

Tennant (ASX:TMS) sings Bluebird copper tune in the NT

February 12, 2024 Off By Jack Baker

Tennant 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.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005

Stewart Walters
Managing Director
+61 414 644 166

Amanda Ellis
+61 438 003 868

Important links

Follow us