Tennant Minerals (ASX:TMS) announces extension of high-grade gold and copper zones at Bluebird discovery

Tennant Minerals Limited (ASX:TMS) has announced the results of its ongoing reverse circulation (RC) drilling program at the Bluebird copper-gold discovery on the 100%-owned Barkly Project in the Northern Territory. The latest drilling program has identified new high-grade copper and gold zones, including silver, extending the resource potential to the east, west, and at depth within the Bluebird ironstone corridor. The program has confirmed and extended the potential for high-grade mineralization to continue to the west within the regional ironstone gravity corridor. The results include thick, high-grade copper and gold zones, with one zone grading 8.3 g/t Au, 2.0% Cu, and 9.8 g/t Ag. Tennant Minerals CEO Vincent Algar expressed excitement about the program's outcomes, highlighting the identification of up to four large, high-grade copper/gold mineralized lenses within the ironstone-host at Bluebird, which remain completely open to the east and west.

Tennant Minerals CEO Vincent Algar comments on the latest assay results

The latest assay results we have received from Bluebird have not only confirmed the high gold and copper grades from previous drilling programs but have also extended the mineralised zones to the east and down-plunge to the west of previous drilling. One of the most exciting outcomes of the program has been the identification that Bluebird is made up of up to four, large, high-grade copper/gold mineralised lenses within the east-west trending ironstone-host at Bluebird - which remain completely open to the east and west. New intersections associated with the host ironstone lithology have extended the mineralisation at depth and westwards down-plunge, with gold grades of up to 22.7g/t in BBRC0040 and good widths of copper-with-gold such as the 8m at 2.1% copper, 0.5 g/t gold intersected in BBRC0044. The new drilling has also identified a new hanging-wall zone of thick, strong mineralisation which continues eastwards and to depth in the intersections in BBRC0034 and BBRC0047. This new zone is completely untested further eastwards and at depth within the host ironstone corridor. The high-intensity of the Bluebird copper-gold-bismuth-hematite mineralisation has always suggested it is part of a much larger system. The greater than 5km strike-length gravity corridor within the Barkly tenement includes multiple repeats of the Bluebird geophysical signature, and further work is underway to define and test targets for new discoveries. The latest results reinforce our confidence in defining economic copper-gold resources within the Barkly project, in line with our goal to become a major player in the rejuvenated Tennant Creek Mineral Field, which has already produced 5.5Moz of gold and 700kt of copper.

Summary of Tennant Minerals' Bluebird discovery and outlook

The recent RC drilling program at Tennant Minerals' Bluebird copper-gold discovery has yielded promising results, extending the high-grade gold and copper zones to the east, west, and at depth within the Bluebird ironstone corridor. The identification of up to four large, high-grade copper/gold mineralized lenses within the ironstone-host at Bluebird, which remain completely open to the east and west, presents significant expansion potential. The company's ambition to become a major player in the rejuvenated Tennant Creek Mineral Field is supported by the latest results, reinforcing confidence in defining economic copper-gold resources within the Barkly project. The ongoing detailed gravity surveying, infill auger geochemistry, and aircore drilling programs aim to define new priority targets for Bluebird repeats within the 5km gravity corridor. The company's focus on further discovery of Bluebird look-alikes within the greater Barkly Project, along with the successful metallurgical testing and ongoing work to enhance gold recovery, reflects its commitment to maximizing the potential of the Bluebird discovery.